Kralovo Pole, Czech Republic

This project will create a landmark shopping centre in the northern part of Brno, Czech Republic. Completion is expected for the Spring of 2015.  This property offered many attractive features that supported our investment decision:  strong catchment area potential with improved transportation structure, proven demand from the market for a wider retail offer and future core + asset with further extension potential.

Value-add Strategy

  • Repositioning of property through refurbishment of existing gallery and construction of an additional 9,500 sqm of lettable space
  • Optimised scheme with enhanced architectural quality and lower impact on environment
  • Current tenants (Tesco hypermarket and gallery occupiers) remain operational during refurbishment
  • The project is expected to receive a BREEAM certification “Very Good” upon completion