REICO buys Forum Nová Karolina from Meyer Bergman

Meyer Bergman has sold Forum Nová Karolina shopping centre in Ostrava, Czech Republic to REICO, Česká spořitelna's real estate fund manager. The company originally acquired the 58,500 sqm shopping mall in 2011 at the same time as it bought Forum Ústí nad Labem together with Healthcare of Ontario Pension Plan. “The Meyer Bergman and HOOPP joint venture acquired the Nová Karolina new development just prior to its opening in 2012 and we have successfully established it as the dominant regional shopping center since," said Mark Gamble, Head of Asset Management at Meyer Bergman.

Cushman & Wakefield advised Meyer Bergman on the disposal of Forum Nová Karolina. Alexander Rafajlovič, partner at Cushman & Wakefield’s CEE Capital Markets team, called it one of the last opportunities for investors "to acquire a relevant place in the Czech market."