Bluehouse has sold the Korso Shopping Centre, the new owner is Conseq. ASB Group assisted on the sell-side

June 16, 2021 Czech Republic

The advisory company ASB Group assisted Bluehouse in the sale of the shopping centre Korso Karviná to the Czech firm Conseq Investment Management.

This is the first sale of a shopping centre in the Czech Republic this year. The ASB transaction team was led by Tomáš Novák (Partner).

"The sale of Korsa Karviná represents the successful completion of our business plan, which was to build on the strong foundations of the shopping centre and transform the centre into a modern retail destination suitable for long-term investors looking for well-functioning and stable properties. We are proud to hand over Korso's to its new owners, who will write the next chapter of the center.” Iain Fanthorpe, Bluehouse.

Korso Karviná Shopping Centre was purchased by Bluehouse in 2017. Over the past three years, the centre has been able to significantly improve its tenant mix and improve its performance, a comprehensive remodelling and revitalisation has taken place, including a new foodcourt, the premises of the Albert hypermarket and most other tenants have been renovated.

Bluehouse is a private equity investment and property management company in Central and South East Europe. The firm manages the capital of many funds of different types of investors. Since its inception in 2004, it has carried out over 50 real estate transactions, aiming to expand its portfolio with attractive-yield projects in relation to reasonable risk.

In the area of transaction advisory to commercial real estate investors, ASB Group is one of the leading advisory firms in the CEE region. It assisted in transactions worth more than €1 billion.

Tomáš Novák
Tomáš Novák Partner
ASB Group
tnovak@asbgroup.eu
Dan Ledvinka
Dan Ledvinka Group Business Development Director
ASB Group
dledvinka@asbgroup.eu