Dentons advised Aerium, a pan-European real estate fund manager, on the sale of the Kralovo Pole Shopping Center in Brno, the Czech Republic, to CPI Property Group.
Built in 2004, Kralovo Pole comprises a two-level gallery with 78 shops and a food court, providing a total of 26,500 sq.m. GLA and 900 parking spaces. It is anchored by a Tesco hypermarket.
The Dentons team was led by Stewart M. Middleman, Partner and Head of CEE Real Estate, supported by a Prague-based team led by Eleanor Johnson, Counsel.
Stewart said: "We were delighted to advise Aerium, our valued client, on the sale of this asset. The Czech retail property market is currently very active and we were happy to help negotiate the sale of this shopping centre for our client.“
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Aerium is a pan-European real estate investment and asset management group focused on commercial real estate assets across the risk spectrum.
CPI Property Group is a leading real estate company concentrating on long-term investments, real estate lease and asset management in CEE and Germany.