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CBRE Global Investors Acquires Campus Square retail center in Brno

CBRE advises CBRE Global Investors in the acquisition of Campus Square.

• Campus Square consists of ca. 21,800 sq m of retail space occupied by 55 tenants.
• Campus Square is surrounded by the newly built Masaryk University Campus Bohunice, the University Hospital Brno and the Campus Office Park which remains in the developer’s ownership AIG.
• The transaction demonstrates the growing investor appetite for modern, well performing regional retail product in the Czech Republic.
• CBRE expects retail sector to dominate Czech investment market in 2015.
• CBRE currently registers over EUR 1 bln of shopping centre investments for 2015 (deals either closed, in negotiations, on the market or in preparation).
• Several large deals that originated in 2014 are closing in the next few months.

CBRE Global Investors, advised by CBRE, has acquired Campus Square in Brno from the developer AIG, for an undisclosed sum. Opened in November 2008, Campus Square is a modern retail park located in Brno, the second largest city in the Czech Republic. The centre consists of ca. 21,800 sq m of retail space and is occupied by 55 tenants and anchored by Tesco.

Campus Square is surrounded by the newly built Masaryk University Campus Bohunice, the University Hospital Brno and the Campus Office Park which remains in the developer’s ownership. The Property serves the residential districts of Bohunice as well as Novy and Starý Lískovec. The park has excellent transport links with the nearby D1 highway exit and the city’s newly opened north bound arterial tunnel.

 “Given the lack of prime retail product available on the Czech market and Brno sub market in particular, Campus Square was a rare and a strategic acquisition for our client.” says Tomáš Jandík, Associate Director Capital Markets, CBRE Czech Republic.

“This transaction demonstrates the growing investor appetite for modern, well performing regional retail product in the Czech Republic. We expect this to be the first of a number of similar transactions in 2015” says Jeff Alson, Head of Capital Markets, CBRE Czech Republic.

CBRE expects the retail sector to dominate Czech investment market in 2015. Several large deals that originated in 2014 are closing in the next few months, and further assets are coming to the market later this year. CBRE currently registers over EUR 1 bln of shopping centre investments for 2015 (deals either closed, in negotiations, on the market or in preparation). That would be more than three times the 2014 shopping centre volumes. 

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About CBRE Global Investors

CBRE Global Investors is one of the world’s largest real estate investment management firms and an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). CBRE, the world’s largest real estate service company advises clients, including CBRE Global Investors on real estate acquisitions and disposals, amongst other service lines.

About CBRE

CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has approximately 52,000 employees and serves real estate owners, investors and occupiers through approximately 370 offices worldwide (excluding affiliates). CBRE offers strategic advice and execution for real estate sale and lease, corporate services, facility and project management, real estate appraisal, development services, investment management and research. In the Czech Republic CBRE have more than 350 employees. In the Czech Republic CBRE manages nearly 200 commercial premises with a total area nearly 1.2 mill. sq. m. Read more at www.cbre.cz.