CPI Property Group has obtained another important asset in the retail sector by the acquisition of Bondy, the largest shopping centre in the city of Mladá Boleslav. "The acquisition of the shopping centre Bondy in Mladá Boleslav is in keeping with the company’s strategy and ideally suits its portfolio of high-quality shopping centres in attractive locations with stable tenants,” said Tomáš Salajka, Director of Acquisitions and Asset Management & Sales. The vendor is Raiffeisenbank, which also provided bank financing for the transaction to CPI Property Group, with majority shareholder Radovan Vítek.
The shopping centre Bondy with a total leasable area of 16,800 m² and 80 store units has greatly expanded the CPI Property Group’s network of shopping centres. The Bondy centre includes popular brand name shops, a food court and multiplex cinema in addition to the 400 capacity car park available to visitors. The building also includes a 2,800 m² leasable office area.
CPI is the country’s largest, most comprehensive owner of retail spaces with more than 625,000 m² of leasable area in the Czech Republic alone. In conjunction with a number of retail parks and other commercial space the CPI Property Group portfolio now includes a total of ten shopping centres such as Olympia, Mladá Boleslav, Quadrio and Fénix, Prague, IGY, České Budějovice and City Park in Jihlava and recently, the well-known Futurum in Kolin. “The retail portfolio is an extremely successful building block for our entire Group. Shopping centres and retail parks show long-term and resilient financial performance. Last year we successfully incorporated the shopping centre Futurum in Kolin and we also have similar expectations with shopping centre Bondy in Mladá Boleslav,” said Tomáš Salajka, CPI Property Group.
