Czech investment company Fidurock is expanding its portfolio. The latest acquisition, which took place in Trutnov, concerns one of the largest retail parks in the Czech Republic. According to idnes.cz, representatives of the investment holding company signed an agreement on the sale of Retail Park Trutnov with representatives of the Czech Real Estate Investment Fund at the end of June. The price of the transaction was not disclosed.
One of the largest retail parks in the Czech Republic and the largest in the region, Retail Park Trutnov, has changed hands. The 23,000 sqm complex, which houses a large number of retail outlets, is now owned by the Czech real estate investment company Fidurock. According to the company's statement on Linkedin, this is their largest acquisition ever made so far. Further plans for the complex are yet to be announced, Fidurock said. "With the completion of the acquisition of Retail Park Trutnov, which took place in July this year, Fidurock has crossed the 100,000 sqm mark in total leasable area of its retail properties in the Czech and Slovak Republics," David Hauerland, CEO of the Dutch-Czech investment group, told idnes.cz.
Retail Park Trutnov is located on the main route to the highest Czech mountains, the Krkonoše, and the town of Pec pod Sněžkou. Currently, the complex is fully leased by companies from all areas of retail. The 16 tenants include Tesco, OBI, Planeo Elektro, Intersport, Jysk, and KFC. According to the daily, Fidurock plans to further develop the shopping zone. The company plans are, for example, to build a photovoltaic power plant on the park's roof, expand the potential use of the car park or add chargers for electric cars.
Fidurock, which was established in 2014, recently bought a package of properties, including three Prague residences in Madridská, Lublaňská, Křesomyslova streets, and the Kardinál Beran residence in Plzeň, a total of 79 commercial and residential units with a usable area of over 6,500 sqm. It is also preparing the construction of two larger retail parks in Slovakia, in Piešt'any and Levice. The portfolio now includes 13 retail, 5 commercial and 11 residential properties with a total value of CZK 6.8 billion (€280 million). Fidurock also operates the VOIX Prate audio & cinema showroom and the Zlati Grič winery in northern Slovenia.
