A value-add fund advised by Meyer Bergman has acquired Futurum Hradec Králové shopping centre in the Czech Republic for €87.6 mln.
A value-add fund advised by Meyer Bergman has acquired Futurum Hradec Králové shopping centre in the Czech Republic for €87.6 mln.
The sellers of the property are GE Capital, Heitman and TK Development.
The 28,250 m2 shopping centre acquired by Meyer Bergman European Retail Partners II (MBERP II) is located in Hradec Králové, 110 km east of Prague. The shopping and leisure centre is fully occupied and anchored by a 14,400 m2 Tesco hypermarket, a multiplex cinema and comprises 110 stores occupied by brands including Tommy Hilfiger, H&M and Adidas.
The centre also provides free parking for 1,350 vehicles. Meyer Bergman’s first and fully invested fund, MBERPI, currently owns and manages shopping centres in the Czech cities of Ostrava and Usti that it acquired in September 2011.
MBERP II raised a total of €750 mln of equity and had its final close in summer 2014.
The fund’s portfolio includes prime retail buildings on Bond Street, Piccadilly and Queensway in London, on the Champs-Elysees in Paris, Kobmagergade in Copenhagen, two Karstadt department stores in Berlin and the forward purchase of the Westfield Broadway shopping centre development in Bradford, northern England.
'Meyer Bergman funds have invested actively in shopping centres in the Czech Republic, which continue to trade well because of their dominance in their catchment areas,' said Markus Meijer, CEO of Meyer Bergman.