IAD Investment has purchased Laugaricio Shopping Center in Trenčín, Slovakia, through its fund Prvý realitný fond, from Mint Investments. The sale was brokered by real estate consultancy Cushman & Wakefield. The purchaser was represented by MiddleCap Partners, as its transaction adviser, with legal advice coming from Havel, Holásek & Partners. The transaction closed on December 20, 2016. Laugaricio, completed in 2009, a dominant center in the region, has a catchment of 250,000. The center’s 26,000 sqm of retail space is occupied by 120 brands and anchored by C&A, CCC, H&M, New Yorker and Reserved. The center can be expanded by a further 15,000 sqm.
