The transaction involved the divestment of the existing retail asset together with a framework enabling the planned construction of a new, purpose-built development on the underlying land plot.
The transaction covers a portfolio comprising eight retail parks and four single-tenant retail assets located in regional cities across Hungary, with a combined gross leasable area of approximately 45,000 square meters.
Located on a main road in the city of Ceske Budejovice in Southern Bohemia, the retail park has a gross leasable area of 10,900 square meters, comprising 13 retail units and parking for nearly 300 cars.
The newly acquired portfolio totals 95,535 square meters across western, northern, and eastern Slovakia, all with direct access to major transport corridors, including highways D1 and E571.
The property was held through a special purpose vehicle of Max Aicher Group and is within the former Combinatul de Utilaj Greu industrial estate in Cluj-Napoca.
Aurelia Fondy SICAV has acquired the River Garden II and River Garden III office buildings from Encore Plus Properties II, with financing from UniCredit Bank Czech Republic and Slovakia and Ceska Sporitelna.
