Deutsche EuroShop to buy Brno mall for €382 million

09
Mar
2017
News - Deutsche EuroShop to buy Brno mall for €382 million #Brno #Czech Republic #investment #retail

by Ákos Budai | Investment

Deutsche EuroShop AG has signed a purchase agreement for a shopping centre in the Czech Republic and approved a capital increase excluding subscription rights of up to 4.7 million new shares.


The Executive Board of Deutsche EuroShop AG, Hamburg has signed a purchase agreement for the acquisition of a shopping centre in the Czech Republic. Located in Brno, the Olympia Center has approximately 85,000 sqm of leasable space, more than 200 tenants and an occupancy rate of around 98.5%. The total investment volume of around €382 million will be funded by assuming existing loans and taking out new ones, and with cash from a capital increase. The acquisition is planned to be completed during the first half of 2017.
 



Latest news


New leases

  • Sports Direct has leased 1,700 sqm in XOPark Sofia for its first Bulgarian store, in a deal brokered by CBRE.
  • LAPP Romania has renewed its lease for approximately 2,000 sqm within CTP Romania's CTPark Bucharest, in a deal brokered by iO Partners.
  • Astellas Pharma has renegotiated its lease for offices at One Floreasca Bucharest in a deal brokered by Fortim Trusted Advisors, an alliance member of BNP Paribas Real Estate.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


Latest news

News - What happened in CEE real estate this week?
20
Mar
2026

What happened in CEE real estate this week?

by Property Forum
This week’s Property Forum news brings a mix of big-ticket developments and longer-term shifts shaping the market. From logistics expansion and new office projects to the growing role of data centres, the stories reflect a region that remains active while gradually adjusting to new demand patterns.
Read more >
News - CityOne Group acquires logistics project in Budapest from Woco Group
20
Mar
2026

CityOne Group acquires logistics project in Budapest from Woco Group

by Property Forum
CityOne Group has announced the acquisition of a manufacturing facility from German automotive supplier Woco Group in Kőbánya.
Read more >
News - BIG Poland advances with retail park in central Dzierżoniów
20
Mar
2026

BIG Poland advances with retail park in central Dzierżoniów

by Property Forum
Big Poland is developing a retail park in the centre of Dzierżoniów, responding to demand for modern shopping facilities in mid-sized cities. 
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy