Mint Investments has completed its purchase of Olomouc City in a transaction made possible by a forced auction, led by the Naxos auction agency. One of the conditions of the purchase was that the buyer pay for the asset within 30 days, and with this condition cleared, the transactions has been closed.
Mint Investments partner Sebastien Dejanovski said he’d been pleased his company had been able to pick up the shopping center at what he called an interesting price (CZK 373m/€15m). “At the moment, there are quality tenants in the center. What’s more, we’re certain Olomouc City has great potential for further development. However, for us, what’s crucial is that it fits in perfectly with our retail property portfolio.” The company owns Laugaricio in Trencin, OC Rynovka in Jablonec, Cestlice Retail Park, and its newest center, Breda & Weinstein, is about to open in Opava.