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Czech investors changing the ownership of Forum Poprad in Slovakia

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.

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 22,500 sqm 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,“ notes Vladimír 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.

Multi Corporation is a leading, Pan-European integrated service platform for retail real estate assets, managing over 110 retail assets across Europe and Turkey. Multi Corporation offers a full spectrum of services, including leasing, shopping centre operations, marketing, redevelopment & refurbishments, legal and compliance.

GEMO HOLDING, a.s. člen koncernu GEMO is the investment arm of GEMO, one of the largest construction companies in the Czech Republic, providing turnkey civil engineering services. The company primarily focuses on civil, industrial and residential construction projects, including the necessary infrastructure. GEMO also provides design and engineering services.

ZFP Investments, investiční společnost, a.s., is a Czech asset management company, which has been founded by the Slovak asset manager IAD Investments and the Czech financial intermediary ZFP Academy. ZFP Investments offers investment, asset management and financial services.

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