Investika Real Estate Fund is entering the German real estate market through the acquisition of an 89.9% stake in the Höfe am Brühl shopping centre in Leipzig.
The transaction was signed as a joint venture with Unibail-Rodamco-Westfield Germany, which will remain a minority shareholder and continue to provide asset and property management services. Closing of the transaction is estimated for H1 2026.
The acquisition marks the fund's sixth market entry, expanding its European footprint and reinforcing its retail strategy. Once the transaction is closed, Investika Real Estate Fund will hold 65 assets across multiple countries, further diversifying its portfolio both geographically and across asset classes. The retail share of the portfolio will increase accordingly.
"The acquisition of Höfe am Brühl will strengthen our strategic objective to increase the fund's exposure to retail assets. It is a robust and established asset in one of Germany's fastest-growing regional markets. The joint venture with Unibail-Rodamco-Westfield, the recognised specialist in shopping centre management, provides us with strong operational continuity and expertise," comments Jaroslav Kysela, Member of the Board of Directors at Investika Investment Company that manages Investika Real Estate Fund.
The centre offers 50,500 sqm of retail space and 130 shops. Additional components include 4,900 sqm of office space and 31 apartments, plus 820 parking spaces. The centre serves a catchment area of approximately 800,000 inhabitants and holds DGNB Platinum and Breeam certifications.
"Investika Real Estate Fund is one of few Czech investors entering the German real estate market. Driven by our diversification strategy and the pursuit of optimal transaction conditions, we are expanding into Germany, one of Europe's most mature markets. Despite its overall stability, a recent price correction in the commercial sector presents a strategic opportunity," says Kysela.
