Real estate investment group Fidurock has acquired the Arkada Prostejov retail park and shopping gallery from BDCG.
The transaction is valued at more than CZK 0.5 billion. With it, the group now owns 14 retail parks across the Czech Republic and Slovakia, with a total leasable area exceeding 130,000 square meters.
Arkada Prostejov is a shopping destination in the Olomouc region, consisting of three retail park sections and a central shopping gallery. According to Fidurock, with a total gross leasable area of 11,045 square meters, annual footfall of 1.1 million visitors, and 230 parking spaces, it is among the largest retail locations in the region. The park currently has 99% occupancy and a diversified income stream across 35 tenants, including Lidl, Pepco, CCC, Sportisimo, Dr. Max, Deichmann, Takko Fashion, Hecht, and Breno. The complex consists of Retail Park I, opened in 2002, the central gallery, and Retail Park III, completed in 2021.
“The acquisition of Arkada Prostejov fits perfectly into our investment strategy and strengthens our portfolio with another high-quality, strategically located property,” Fidurock Managing Director David Hauerland said. “We were particularly attracted by the strong tenant mix and the site’s potential for further development. More than 70 percent of the total area is dedicated to the retail park itself, a format in which we see long-term value and stability. Strong and stable tenants such as Lidl, Pepco, Deichmann, Dr. Max, Sportisimo, and CCC ensure high attractiveness for customers and align with the standards we seek in our portfolio.”
The sale of the property was brokered by advisory firm CBRE.
Image source: fidurock.com