Multi Corporation and GEMO Holding have sold the Forum Poprad shopping centre in Poprad, Slovakia. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group. The sellers have been advised by the real estate services provider Cushman & Wakefield. The purchase price was not disclosed.
One of the most modern shopping centres in Slovakia Forum Poprad has opened in the city centre in October 2015 and has become a leading destination for shopping in the Poprad area, catering to a catchment population of 215 000 people living within a 30-minute drive-time radius. The centre attracts almost 6 million visitors annually. The fully occupied centre with a leasable area of 22,500m² includes 120 retail units and 450 parking lots. Key brands located in the shopping centre include New Yorker, H&M, Lindex, Cropp, Reserved, C&A, CCC, Intersport and Tesco.
“The acquisition of Forum Poprad adds another prime asset to the ZFP real estate fund, ensuring the diversification of its investments in the retail sector,“ commented Vladimir Bencz, member of the board of ZFP Investments.
“This purchase confirmed again, that prime shopping centres located in city centres are favoured by shoppers and investors alike,” said Alexander Rafajlovic, Partner, CEE Capital Markets Group at Cushman & Wakefield, which represented sellers Multi Corporation and GEMO during the transaction.