Acquisition of 18 retail park assets anchored by Tesco in The Czech Republic and Hungary
Adventum Group, the CEE focused Real Estate Investment Manager, have recently acquired the fourth investment of its PENTA Fund, namely 18 retail parks in the Czech Republic and Hungary anchored by TESCO. The app. 360,000 sq. metres portfolio is a significant addition to Adventum's growing portfolio of assets across the core CEE countries including Poland, the Czech Republic and Hungary.
Seller, plus brief information about the company |
Tesco Holdings B.V., TESCO-GLOBAL Zrt. |
Purchaser, plus brief information about the company |
Adventum Group, a fund manager focused on CEE real estate investments was founded in 2016 and is entirely owned by management. It has been operating under the Alternative Investment Fund Managers Directive with fund management companies established in Hungary and Malta. On behalf of its funds the Group now owns and manages over 700,000 sq. metres of commercial real estate in the core CEE countries. Adventum’s ESG strategy is focused on the reduction of lifetime CO2 emission and guided by international sustainability agenda and conventions such as the Paris Agreement. The Group’s personnel include highly experienced real estate professionals with CFA, NRW and MRICS qualifications and proven track record in the CEE region. The management team has so far executed investments in the CEE region over a total value of EUR 2 billion. |
Seller, plus brief information about the company
Tesco Holdings B.V., TESCO-GLOBAL Zrt.
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Purchaser, plus brief information about the company
Adventum Group, a fund manager focused on CEE real estate investments was founded in 2016 and is entirely owned by management. It has been operating under the Alternative Investment Fund Managers Directive with fund management companies established in Hungary and Malta. On behalf of its funds the Group now owns and manages over 700,000 sq. metres of commercial real estate in the core CEE countries. Adventum’s ESG strategy is focused on the reduction of lifetime CO2 emission and guided by international sustainability agenda and conventions such as the Paris Agreement. The Group’s personnel include highly experienced real estate professionals with CFA, NRW and MRICS qualifications and proven track record in the CEE region. The management team has so far executed investments in the CEE region over a total value of EUR 2 billion.
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