Prague Fashion Arena is up for grabs for €75m. The British agency GVA was chosen to broker the transaction for the owners, TK Development and LMS Outlets. The successful outlet mall in Prague Šterboholy, which offers over 100 factory outlet stores and 25,000 sqm of retail space, produces annual rent revenue of €6.2 m, according to the economic server e15. Fashion Arena was opened in 2007, with the second phase added three years later at a cost to the developer CZK 1.6bn.
