Remaining heat, which is not consumed for electricity production, is used in heating and domestic hot water systems in buildings.
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.
Petr Dudycha has become a Marketing & Public Relations Manager of the fund management company REDSIDE. Prior to joining REDSIDE, Petr was employed at the Prague office of a global law firm White & Case where he served as a Business Development and Marketing Coordinator. In this role, he was responsible for supporting lawyers and partners from Bank and Finance and Financial Restructuring and Insolvency practice groups in their business development and marketing activities as well as in event management.
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