by Ákos Budai | Investment

Emerging Europe Properties Fund and Discovery Group have sold Nakupní Park Centro Ostrava to Focus Estate Fund. The subject of the sale is a fully leased retail park in Ostrava. Operating since 2011, it offers 7,700 sqm of retail space. Long-term tenants include Mountfield, JYSK, Okay Electric, Breno, Jitona, Kasa, Super Zoo, and Rossmann.


“It is our second transaction in the Central and Eastern Europe after acquiring a shopping centre in Poland this June. In the coming two years we plan to expand our assets under management up to €50 million”, said Maxim Shkolnick, Partner at Focus Estate Fund.  
 
Nakupní Park Centro Ostrava is located in Ostrava, the third largest city in the Czech Republic, adjoining a Tesco hypermarket. The property includes additional land that has secured planning permission to provide up to 3,000 sqm of additional retail space.