Avestus Capital Partners has successfully completed the sale of the Central Most Shopping Centre in the city of Most in western Czech Republic. Most Central is a modern, purpose built centre extending to 19,000 sqm and now represents the dominant retail destination in the Most region.
The transaction took place following completion of an intensive asset management programme to reposition the Centre which involved the refurbishment and improvement of public spaces and the improvement of the tenant mix and lease profile.
With 99% occupancy and an improved operating performance, the centre presented an opportunity to acquire a well let, stabilised retail asset and attracted strong interest from private and institutional capital.