Prague

Union Investment announced the profitable sales of Palladium shopping center in Prague, a landmark asset acquired for the UniImmo: Deutschland fund in 2015. The buyer is the largest real estate fund of REICO Erste Asset Management, making the transaction the largest commercial property deal ever recorded in the Czech market.

Unibail-Rodamco-Westfield (URW) announces the inauguration of the newly rebranded Westfield Černý Most shopping centre in Prague, including an extension that introduces new shopping, dining and entertainment experiences. With more than 30 new retail and restaurant offers and an expanded, next-generation cinema experience, the destination now spans approximately 94,100 sqm of GLA and 180 units.