BLUEHOUSE MAKES A CENTRAL EUROPEAN MARKET ENTRANCE BY ACQUIRING A CZECH INTERPSAR PORTFOLIO
CBRE represented Bluehouse in acquisition of a retail park portfolio in the Czech Republic consisting of the Euro Center in Hradec Kralove and an Interspar hypermarket in Znojmo.
Bluehouse is a private equity real estate investment management firm, active in the property markets of Central and South East Europe managing across its three funds a portfolio of assets valued at EUR 780 million, having invested in over 29 transactions. In order to implement its investment strategy, Bluehouse has established an operating platform that spans the CEE & SEE region, with local presence in Bulgaria, Croatia, the Czech Republic, Greece, Romania and Serbia.
In addition to its investment capability, Bluehouse has an extensive in-house asset management expertise and has developed several successful projects including among others the McArthurGlen Designer Outlet in Athens, the City Gate office building in Bucharest, the Bluecenter office building in Belgrade, while Point Shopping Centre is currently under construction in Zagreb, Croatia.
The Euro Center consists of Baumax and Interspar hypermarkets and an ancillary gallery situated in a densely populated area of Hradec Kralove. The other Interspar hypermarket is located in Znojmo, the district city of the South Moravian region. The total gross lettable area of the portfolio comprises 28,970 sq m.
Tomas Jandik, capital markets agent at CBRE comments: “This transaction is one of the few work out deals in the region and we are pleased to have been involved on behalf of Bluehouse.”