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«ING Real Estate announced today that it has acquired a newly build Retail Park for approximately 16 million EURO on behalf of the ING Property Fund Central Europe. The Retail Park is located in Pilsen, Czech Republic and was developed by Multi Development Czech Republic.
Retail Parc Pilsen opened in November 2007 and comprises eleven retail units, including brands such as Intersport, Okay, Siko, Halfords Maxx and a KIKA premises (which is not part of the acquisition). The parc provides 8,200m² GLA and 500 parking places.
The scheme is located at the Southern edge of Pilsenat the junction of the D5 motorway that is connecting Germany with Prague. It is the dominant shopping centre in the region, very well accessible and situated on a high profile location.
Commenting on the acquisition, Menno Verhoeff, Head of acquisitions Central and Eastern Europe, ING Real Estate stated: "We are pleased to have acquired Retail Parc Pilsen. It will form an integral part of and adds value to the immediately adjacent well established, Olympia Pilsen Shopping Centre that is also part of the portfolio of the ING Property Fund Central Europe."». (CS della Società)
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