The real estate investor Mint Investments has paid CZK 373m (€15m) for Olomouc City, a shopping mall in the east of the Czech Republic that it picked up through a forced auction in September. The payment marks the completion of the largest real estate transaction of its kind in the Czech Republic. It was a forced auction in which the starting price was CZK 215m that was organized by the auction house Naxos. The closing of the deal demonstrates there are local investors who are willing and able to finance large transactions and make payment within the required 30 day limit.
