CA Immo Sold Two Shopping Centers in the Czech Republic

Lifestyle & Travel › Personal Real Estate ♦ Published: May 24, 2011; 11:36 ♦ (Vindobona)

The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.

CA Immo Sold Two Shopping Centers in the Czech Republic / Picture: © Vindobona.org

The Czech Olympia Shopping Centers in Teplice and Mladá Boleslav were sold for a total of around € 96m.  Both shopping malls are fully let and have been held since 2003 in the portfolio of the C1 Fund, in which CA Immo subsidiary Europolis has a 51% holding and Union Investment Real Estate GmbH a 49% holding via its UniImmo Europa open-ended real estate fund.

The purchaser of…

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