THE TRIGEA FUND PURCHASED TWO RETAIL PARKS IN MORAVIA

Publikované dňa: 2. 9. 2021 13:35 CBRE

The Czech real estate fund Trigea, which specializes in investments into commercial properties with attractive yields, has purchased two retail parks in Moravia from an international fund: Nákupní park Haná Olomouc and Retail Park Ostrava. Both properties are located in established retail zones with high tenant stability and long-term leases. CBRE, the world leader in commercial real estate services, has been managing both parks since 2013 and has extended most of their lease agreements in recent months. It thereby brought the parks’ occupancy to 100% and subsequently found buyers for the owners. This, the fifth transaction that CBRE has mediated this year, is another positive sign of a revival of the Czech real estate market, where there is an abundance of free capital but few suitable and high-quality investment products.

"Both parks are established in their catchment areas and have not lost their popularity during the pandemic. Customers like an attractive mix of brands, the possibility of comfortable outdoor parking and direct access to shops,” commented Vítězslav Doležal, Director in the Investment Properties team at CBRE, adding: “Nákupní park Haná Olomouc will strengthen its position even further, because it plans to open the popular Lidl grocery store chain here in the second quarter of next year, which will allow the new owner to continue working with the offer of brands.”

“The strategy of the Trigea property fund is to build a diversified portfolio of quality real estate that will ensure an above-standard attractive return for investors. This year we want to deliver our investors a return of around 6%. The new acquisition of two wonderfully-performing retail parks will certainly contribute to this,” stated Tomáš Trčka, Managing Partner of the Trigea real estate fund.

"The retail parks were already popular before the pandemic due to the number of expansion opportunities. During the pandemic and related measures, this trend has become even stronger and retail parks have become an established part of the retail chain portfolio,” commented Jan Janáček, Head of A&T Retail in CBRE.

Nákupní park Haná Olomouc has a leasable area of 19,200 m2. About 70% of the area is occupied by furniture and housewares, specifically leading brands such as Möbelix, Siko, OKAY furniture, BRENO carpets and Jysk. Another 14% is comprised of electronics (Electro World) and from next year the Lidl grocery store chain (9%). Brands from the area of fashions (33%), from the furniture and housewares sector (32%) and vendors of sports equipment (16%) are represented in Retail Park Ostrava with a total leasable area of 10,300 m2. In the park you will find popular brands such as Sportisimo, Decathlon, DM drugstore, Sinsay and Super zoo. Both parks are easily accessible by transport and offer a large number of free parking spaces.

Contact:

Crest Communications, a.s.
Denisa Kolaříková
Account Manager
Gsm: +420 731 613 606
email: denisa.kolarikova@crestcom.cz
www.crestcom.cz

Kamila Čadková
Account Director
Gsm: +420 731 613 609
email: kamila.cadkova@crestcom.cz
www.crestcom.cz

CBRE
Renata Mrázová, Senior Communication Specialist, +420 604 308 765, renata.mrazova@cbre.com
CBRE Czech Republic
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CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). With approximately 100,000 employees, it provides services to property owners, investors and occupiers through more than 530 branches worldwide (not including affiliates). CBRE offers a broad range of integrated services, from facility management and maintenance, commercial transactions, project management and investment management to appraisals and valuation, property leasing and sales, strategic consulting, mortgage services and development services. With almost 350 employees, CBRE Czech Republic manages almost 75 commercial buildings with a total area of nearly 1.2 million m2. For more information, visit the company’s website at www.cbre.cz.

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