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CPI buys Futurum Hradec Králové

Nathan North 09 April 2018

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

CPI buys Futurum Hradec Králové
The shopping centre in Hradec Králové was sold in 2014 for EUR 87.6 mln
CZECH REPUBLIC CPI Property Group has acquired the Futurum Hradec Králové shopping centre from Meyer Bergman.

The 39,000 sqm mall in Hradec Králové, 110 km east of Prague, changed hands for an undisclosed sum. It is anchored by a Tesco hypermarket and has 110 stores, as well as a multi-screen cinema complex and parking for 1,310 vehicles. Futurum opened in 2000 and was substantially extended and modernised in 2012. It was sold to Meyer Bergman in late 2014 by GE Capital, Heitman and TK Development for EUR 87.6 mln. Prior to the latest transaction, Meyer Bergman changed the layout of the car park to make it more accessible and easier to navigate, refreshed the entrance and common section, while creating a crèche and lounge areas. The former owner also recently renewed 30 other contracts, secured several new cafés, bars and restaurant tenants and brought in international brands such as Columbia, Douglas, Gant and Starbucks.

Markus Meijer, the CEO of Meyer Bergman, has said: “We took a solidly performing centre and made it more relevant for today’s shoppers. Improving the visitor experience and broadening the centre’s range have made Futurum a place where people want to spend more time – for meeting up, entertainment as well as for shopping. Our efforts have attracted a range of international retailers to the centre and significantly improved its operational performance.”

“Futurum Hradec Králové is our first prime shopping centre in the north-eastern part of the Czech Republic and strengthens our presence in this region. The centre fits perfectly into our long-term strategic plan to continue growing our regionally dominant position in the retail segment,” commented Tomáš Salajka, the director of acquisitions, asset management and sales at CPI Property Group.


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