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The “LIPA PARK” shopping centres come under new management

5 months ago

MVGM, a specialist in managing all types of commercial real estates, is expanding its portfolio with the addition of ten shopping centres owned by the real estate fund managed by Tatra Asset Management.

BRATISLAVA, 28th April 2021 – The LIPA PARK shopping centres are coming under the management of MVGM, a Dutch company that entered the Slovak market in late 2019 by acquiring the professional property management team of JLL, a real estate advisory firm. MVGM is a top 5 European property management player with activities in ten European countries.

The LIPA PARK network includes 10 shopping centres across Western, Central and Eastern Slovakia, offering a total leasable area of nearly 40,000 square metres. The shopping centres have over 70 tenants in total, including Billa, Mountfield, DM Drogéria, Pepco, Dráčik, Tedi, Takko Fashion, Super Zoo, Kik, Deichmann and others. In addition to a high-quality tenant mix, the shopping centres are strategically situated in prime locations of selected regional cities, namely Žilina, Zvolen, Nové Zámky, Dunajská Streda, Detva, Banská Štiavnica, Poprad and Michalovce, as well as in smaller towns such as Želiezovce and Krupina.

“It is crucial for our fund to increase and maintain the high performance of the managed property portfolio. That is one of the reasons we decided to cooperate in one of our most successful projects, the Lipa Park shopping centres, with an international property management company whose team brings a professional care that ranges from the effective run of day-to-day operations, optimisation the operating costs up to a strategic work with the existing tenant mix. The cooperation will benefit from our partner’s professional skills, extensive experience and knowledge of the latest retail trends in the neighbouring European markets,” comments Andrej Lehocký, Head of Real Estate Fund at Tatra Asset Management.

“The primary goal of our team is to leverage our long-term experience and professional approach to maximise the portfolio value for the owner by optimising the operations, consolidating the existing tenant mix and the uniform identity of the shopping centres. While our brand came to Slovakia two years ago, the professionals in the Slovak MVGM team have over twenty years of experience in managing all types of commercial property in the CEE region,” says Filip Polomský, Managing Director MVGM Slovakia. “We currently run a portfolio with a total area of 480,000 square metres and this transaction increases the value of the portfolio managed by MVGM in Slovakia to 670 million €. This contract is a major step forward for us and proof of the strategic direction of our company, which has the ambition to become a European property management leader as well as a strategic partner for owners of prime commercial real estates in Slovakia.”

About MVGM International

MVGM operates in 10 European countries, has over 1,700 employees and its current property portfolio includes over 20 million square metres. Over the last five years, MVGM has grown rapidly through the 2020 acquisition of the German company Vivanium, the 2019 acquisition of PropertyFirst, the 2018 merger with Verwey and the 2016 acquisition of the Dutch company Actys. In July 2020, MVGM and JLL concluded a deal that allowed MVGM to strengthen its presence in another eight countries (Spain, Portugal, Belgium, Luxembourg, Poland, Czech Republic, Romania and Slovakia) with 540 employees, and expand its existing teams in the Netherlands and Germany. MVGM provides professional services to domestic and international investors, banks and financiers, housing associations, businesses, DGA, insurance companies, governments and public authorities. For more about MVGM please visit mvgm.sk

In Slovakia, MVGM currently manages a portfolio of 24 properties with a net leasable area of 480,000 square metres and a total value of more than 670 million €. For more about MVGM please visit mvgm.sk

For more about the LIPA PARK shopping centres please visit www.lipapark.sk.