NOVA Real Estate fund, managed by the fund management company REDSIDE, has completed the acquisition of the home improvement supplies store OBI – Frýdek Místek, from the seller, a development company PTO. OBI is a German multinational retailing company founded in 1970. With more than 650 retail stores, OBI is the largest DIY retailer in Europe, and the third largest in the world. This is a second property with OBI as a tenant in the Fund’s portfolio in the Czech Republic. Deal Value: Undisclosed.
SLOVAKIA Czech Fund manager Redside closed Slovakia’s largest industrial transaction of 2018 with the purchase of the Trencin Industrial Park for just under EUR 90 mln.
CZECH REPUBLIC Investika has acquired the Avenir E office building in the Nové Butovice area in Prague 5