Prague,
31
August
2018
|
15:48
Europe/Amsterdam

CBRE facilitated the sale of a regional shopping centre Galerie Písek to Raiffeisen investiční společnost

CBRE, the world leader in commercial real estate services, has facilitated the sale of a recently opened regional shopping centre Galerie Písek to Raiffeisen investiční společnost (RIS). The new owner will include the acquired property into its real estate fund - Raiffeisen realitní fond.

Galerie Písek covers seven thousand square metres and offers visitors more than a dozen shops and a parking lot featuring 184 car spaces. Due to the fact it is located in the town of Písek and close to a road connecting Prague and České Budějovice, Galerie Písek has great potential to attract the inhabitants of Písek (population of 30 000), people from the surrounding regions, as well as commuters traveling between České Budějovice and the country’s capital. The shopping centre was opened in May 2017 and up until now, its owners were companies DIBITI Investments and CSPP GROUP. Galerie Písek is currently fully occupied and its key tenants are companies such as Billa, Pepco, DM drogerie, Gate, CCC, A3 Sport, Super Zoo, Kik, Euronics, Martes Sport, Pompo and Orion.

Chris Sheils, Head of Investment Properties CBRE
It is a pleasure to have worked with Raiffeisen investiční společnost on this transaction. Regional retail parks such as this provide a compelling opportunity for investors to benefit from the continuing growth in consumer demand in the Czech Republic in combination with a diverse mix of credit worthy tenants and long unbroken income streams.
Chris Sheils, Head of Investment Properties CBRE

Raiffeisen investiční společnost (RIS) will include Galerie Písek into its real estate fund - Raiffeisen realitní fond, which has generated a profit of 4,41 % over its first year of existence. RIS is planning on significantly increasing the amount of finances in the fund from the current 632 million CZK to 3 billion CZK.