Albert Česká republika has sold the Čestlice shopping center to HSTN Holding a year after reconstructing the hypermarket it anchors the center with. Albert will continue to occupy the building as a tenant, along with other brands such as Sportisimo, Mountfield, Pepco, Teta drogerie, CCC and OKAY Elektro. The transaction was brokered by Cushman & Wakefield. “Albert’s main calling is to be the best groceries retailer in each city and it wants to offer its customers the best range of fresh groceries,” said Mateusz Hilgert, vice president Real Estate and Supply Chain Albert ČR. He said the sale came at the end of a three-year revitalization of the project, which had resulted in improved footfall nmbers. “Through this sale and through the choice of HSTN, Albert is ensuring the further development of the project in this extremely strong location.” HSTN Holding is a private investment platform set up by the founders of the sporting goods retailer Sportisimo.
