18. December 2020. bpv Braun Partners acted for long-standing client IMMOFINANZ on the STOP SHOP expansion with acquisition of two retail parks in Litvínov and Horní Měcholupy in Prague from Mitiska REIM.
The two retail parks in the Czech cities of Prague and Litvinov with 14,700 sqm in total increase the STOP SHOP portfolio of IMMOFINANZ in this country to 12 locations with nearly 88,000 sqm of rentable space. The transaction was closed in December 2020.
bpv Braun Partners real estate team led by partner Miroslav Dudek also included partner Gabriela Špak Porupková, attorney David Plevka.
bpv Braun Partners worked on the buy side together with TPA (financial advisers) and Oterea (technical advisers). Kinstellar acted on the sell side.
IMMOFINANZ is a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary and Romania. The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR 4.9 billion and covers more than 210 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: immofinanz.com