Lincoln Property Company and CEE investor Fidurock have closed their first two real estate acquisitions in Slovakia. The Saratov shopping center in Bratislava and a recently completed retail park within the main shopping zone of the town Senica illustrate the recent emergence of of institutional and strategically-located retail parks and convenience shopping centers.
Lincoln Property Company will be responsible for the asset management of both projects together with the existing portfolio of retail parks located in Liberec and Tábor in the Czech Republic. The value of the portfolio of around €38 million will be soon expanded by the planned acquisitions of additional retail parks in the Czech Republic and Slovakia.
David Hauerland, executive director of Fidurock, says careful analysis has shown that retail parks can offer attractive and sustainable returns. “We believe we will continue with successful acquisitions throughout 2018,” he says.
