The transaction demonstrates the growing investor appetite for modern, well performing regional retail product in the Czech Republic.
CBRE expects that the retail sector will dominate the Czech investment market in 2015.
Opened in November 2008, Campus Square is a modern retail park located in Brno, the second largest city in the Czech Republic. The centre consists of ca. 21,800 sq m of retail space and is occupied by 55 tenants and anchored by Tesco. Campus Square is surrounded by the newly built Masaryk University Campus Bohunice, the University Hospital Brno and the Campus Office Park which remains in the developer’s ownership. The Property serves the residential districts of Bohunice as well as Novy and Starý Lískovec. The park has excellent transport links with the nearby D1 highway exit and the city’s newly opened north bound arterial tunnel.
“Given the lack of prime retail product available on the Czech market and Brno sub market in particular, Campus Square was a rare and a strategic acquisition for our client.” says Tomáš Jandík, Associate Director Capital Markets, CBRE Czech Republic.