The sale of Prague’s Palladium is entering the final stages and three finalists have emerged from them.
According to several independent sources of Seznam zpravy, among them are Reico and the Investika consortium with the Wood & Company investment group. The third, according to a source familiar with the real estate market, is the Trigea fund from the financial consulting firm Partners.
On the other hand, the French giant Klépierre, which owns seventy shopping centres in ten European countries, has dropped out of the game.
The owner of Palladium is the German investment company Union Investment, which, according to information from SZ Byznys, wants to get around €700M from the sale. It admitted its intention to sell Palladium at the beginning of this year. The centre in the heart of Prague offers 41,000sq m of shopping space and another 18,000sq m of office space. According to the Palladium website, the centre has 163 shops and twenty-five restaurants. There are 700 parking spaces. The consulting company CBRE is advising the owners on the sale. It did not want to comment on the progress of the sale, nor did potential buyers.
