Realia Fund Sicav has completed the acquisition of two retail parks, and the fund portfolio's value now exceeds CZK 2.2 billion (€86.8 million). A transaction with a total volume of approximately CZK 180 million (€7.1 million) concerns retail parks in Pilsen and Frýdek-Místek.
The retail park in Pilsen includes four tenants: the DM drug store, the Dr. Max, a cafe and a shoe store. The property in Frýdek-Místek contains six stores that are fully leased to reputable tenants, including brands such as KiK, Sportisimo, Planeo Elektro and Dráčik. Both retail parks are strategically located near Albert hypermarkets bringing beneficial synergies.
Retail parks in Pilsen and Frýdek-Místek contribute to the fund's returns, which in 2023 brought an appreciation of 11.23% in the crown class and 10.10% in the euro class of investment shares. The Realia fund owns 18 retail parks, all fully leased and lease agreements are usually concluded for five to ten years.
