Star Capital buys two Czech shopping centres

16
Aug
2017
News - Star Capital buys two Czech shopping centres #CBRE #Czech Republic #investment #mall #Olomuc #Ostrava #retail #shopping #Star Capital

by Ákos Budai | Investment

Prague-based Star Capital Investments has become the new owner of the Futurum Ostrava and OC Haná shopping centres in the Czech Republic. CBRE participated in these transactions, representing the foreign sellers. CBRE also manages the building and leasing activities for Futurum Ostrava.


The 30,000 sqm Futurum Ostrava shopping centre is the first centre of this size in Ostrava, and has been offering its services to its clients since May 2000. CBRE brokered the sale of the building on the basis of the seller’s requirements and represented both the previous co-owners, Pradera, and Bainbridge during the transaction. The buyer, Star Capital Investments, acquired the shares of the two previous owners simultaneously, thus consolidating the asset, which is a benefit to the further development of the centre. CBRE will also work with the new owner to manage the shopping centre and is the exclusive leasing agent.
 
OC Haná in Olomouc has 9,400 sqm of retail space and was opened in 2002 and was recently expanded with a retail park component in 2016. The shopping centre includes 61 units and 490 parking spaces. CBRE secured the sale of the building and represented Pradera. The buyer is Star Capital Investments.
 
In addition to the Tesco hypermarket and the Cinestar multi-cinema, Futurum Ostrava also features fashion, toys, sports, perfumes, jewellery and footwear, as well as electronics, mobile phones and giftware. OC Haná also covers a wide range of individual segments, with the main tenants being Takko, Sportisimo, Sparkys, Bata and A3 Sport.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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