History

Mint acquired Breda & Weinstein shopping center

In June 2018, Mint Investments successfully completed the acquisition of the shopping center Breda & Weinstein from Avestus Capital Partners. The value of the transaction exceeded EUR 60 million. Mint Investments originally developed and later asset managed this shopping center for Avestus Capital Partners.

2018
Read more

Tristan Fund Acquires Prague's Avenir Business Park From Lone Star

London – The EPISO 4 opportunistic fund, advised by Pan-European real estate manager Tristan Capital Partners, has acquired the Avenir Business Park office complex in western Prague from debt restructuring firm Lone Star.

2017
Read more

AEW successfully sold International Business Center

CBRE has advised AEW Europe, a multi-national real estate asset manager, with over €60 bn of assets under management, in the disposal of International Business Center (IBC). The buyer was Mint Investments, the Central European real estate Investment & Asset manager, on behalf of a syndicate of private investors.

2017
Read more

Laugaricio shopping centre acquired by domestic investor

Slovak investor IAD Investments, acting through its fund Prvý realitný fond o.p.f., has purchased Laugaricio Shopping Centre in Trenčín, Slovakia.

2016
Read more

Mint successfully sold Panorama Business Center

Mint acquired Panorama in 2015 with 42% vacancy and since then they have successfully completed their asset management plan, reaching full occupancy, within one year.

2016
Read more

Raiffeisen Centre is now “The Square”

Raiffeisen Centre, dominant building of Prague 4 – Budejovicka, is renamed as The Square.

2016
Read more

Mint Investments acquired the flagship Louis Vuitton store on Pařížská Street

Colliers Advises on Disposal of Louis Vuitton CEE Flagship Store

2015
Read more

Mint Investments acquired another office building Olbrachtova 9

Prime office building in Prague 4 changes ownership

2015
Read more

Mint completed acquisition of the Polygon House

Mint Investments completed the acquisition of Polygon House for its private clients.

2014
Read more

Mint Investments acquired Palác Euro and Palác Astra

Mint Investments group finalized the acquisition of Palác Euro and Palác Astra in Wenceslas Square at the end of June.

2014
Read more

The new centre in Opava is now well established

The Breda & Weinstein Shopping Centre celebrated its first anniversary in November.

2014
Read more

Building of the year award for Breda

On Thursday 10th October 2013 a gala announcement of the prestige award Building of the Year took place in the Senate of the Parliament of the Czech Republic.

2013
Read more

Reconstruction of the street Na Valech

Mint Investments, investor of Shopping Centre Breda & Weinstein, completed the reconstruction of the Na Valech street in Opava at its own costs.

2013
Read more

SC BREDA won another two awards!

The gala announcement of the 7th annual competition Building of Moravian-Silesian Region for the year 2012 was held in Janacek conservatory in Ostrava on Monday 17th

2013
Read more

Acquisition of Olomouc City shop centre

The Mint Investments real estate and investment group duly paid the auctioned purchase price of EUR 15.1 million for the Olomouc City shopping centre, thereby completing the largest real estate transaction of its kind in history in the Czech Republic.

2012
Read more

RUN-UP 2012

Business Centre Bohemia, a modern office building in Pilsen, locally known as the “skyscraper”, will host the great Run-up 2012 race on Sunday 17th June 2012

2012
Read more

We have acquired FOC for our private clients

Mint Investments, central-European administrator of non public real estate investment portfolio, successfully finished acquisition of the Factory Office Centre (FOC) building.

2011
Read more

Konopiště Resort – Villla Kaplický

Over the last year we gradually became familiar with the collection of current architecture in Konopiště Resort project.

2011
Read more

Mint Investments gains Factory Office Center

Company successfully closed another acquisition in the form of Factory Office Center (FOC).

2011
Read more

16th YEAR OF MAPIC TRADE SHOW

Festival palace of French Cannes became from 17th until 19th of November an exhibition stage for the already 16th year of MAPIC trade show, focused on real estates for commercial use, especially shopping centers.

2010
Read more

Company is selling two projects

In 2010 Mint Investments sells its two projects.

2010
Read more

Company’s portfolio attacks 500,000m²

In 2008 the number of projects of Mint Investments Company increased to the overall number of 26.

2008
Read more

Formation of the second key governing firm DEVELON

The investor of the DEVELON fund became the Avestus Capital Partners Company (earlier: Quinlan Private).

2007
Read more

Realization and financing of the next projects

2006 was significant for the construction of the biggest shopping center in the district of Trenčín in Slovakia, Laugaricio.

2006
Read more

First big projects in the fund CSPF portfolio

In 2005, Mint Investments Company invested in the first projects in Czech, as well as Slovak Republic.

2005
Read more

Formation of the one from two governing firms, CSIA

Formation of the one from two governing firms, CSIA

2004
Read more

Company formation

Formation of the Mint Investment Company

2002
Read more
© ARSYLINE 2017
Notice
Close
Mint acquired Breda & Weinstein shopping center

In June 2018, Mint Investments successfully completed the acquisition of the shopping center Breda & Weinstein from Avestus Capital Partners. The value of the transaction exceeded EUR 60 million. Mint Investments originally developed and later asset managed this shopping center for Avestus Capital Partners.

Radim Bajgar, Partner at Mint Investments, commented on the acquisition: “We are thrilled to have acquired Breda & Weinstein. We have been with the center since its original development and we believe in its strong potential due to its dominant position and micro-location in the Opava region. We are convinced that we secured a solid and safe long-term investment for our private investors and ourselves”.

Breda & Weinstein is a modern shopping center with over 25ths sqm of leasable area, located in the historical center of Opava, on the footprint of former Zlatovar brewery. The center offers a wide and complex range of shops and services with focus on leisure activities and gastronomy, including multiplex cinema, large fitness center, and mini-brewery with a restaurant.

Breda & Weinstein is an architectural award-winning building. It obtained the Building of the Year 2013 award, Honorable recognition in the Grand Prix of Architects, The Prize of the General Public and the Honorable Mention in the Building of the Moravian-Silesian Region as well as, the 3rd place in the Best of Realty.

 

About Mint Investments Group

Mint Investments group was founded in 2002 and is one of the leading real estate investors in Czech Republic and Slovakia. The total value of assets under management exceeds EUR 600 million.

Mint Investments offers a full range of real estate investment services and its team of more than 50 professionals addresses all the financial, legal and technical aspects of managing real estate and development projects.

The Mint Investments group is owned by 5 partners. All partners have long-term experience from major global financial and real estate companies.

The key mission of the group is to generate above average returns for our investors with minimized risks. We manage the funds of large institutional investors as well as a number of private investors.

Tristan Fund Acquires Prague's Avenir Business Park From Lone Star

London – The EPISO 4 opportunistic fund, advised by Pan-European real estate manager Tristan Capital Partners, has acquired the Avenir Business Park office complex in western Prague from debt restructuring firm Lone Star.

Karol Bartos, Executive Director Portfolio and Asset Management at Tristan, said: “This off-market deal was secured by our local operating partner and co-investor the Mint Group, at an opportune time in the cycle. Demand for office space in Prague is around the highest level for ten years and the Avenir Business Park sits in the Prague 5 district, which was the second largest office sub-market in the city in terms of take-up of space last year.”  

Lukáš Schirl, Partner at Mint Investments, said: “Avenir Business Park represents a unique opportunity to acquire a modern prime business park that benefits from state of the art technical specifications and flexible office space. Avenir Business Park is easily accessible by car as well as public transport and in close proximity to infrastructure, services and recreation areas. This includes a landscaped garden which forms an integral part of the scheme. These amenities are critical for companies wanting to attract talented employees in a market with extremely low unemployment rates.” 

 

The 25,300 sqm office complex is configured to accommodate a wide range of tenants, with high specification flexible spaces ranging from smaller 300 sqm units to larger 3,500 sqm units for occupiers requiring the highest number of workstations on a single floor.   

 

Source: Tristan Capital Partners  www.tristancap.com

AEW successfully sold International Business Center

CBRE has advised AEW Europe, a multi-national real estate asset manager, with over €60 bn of assets under management, in the disposal of International Business Center (IBC). The buyer was Mint Investments, the Central European real estate Investment & Asset manager, on behalf of a syndicate of private investors. AEW were advised by CBRE, Havel, Holásek & Partners and Mazars. Mint Investments were advised by Mareš Partners and EY.

Built in 1993, International Business Center consists of ca. 23,800 sq m of lettable area and 299 parking spaces. IBC lies next to Hilton Hotel, in the heart of Karlin’s growing CBD. The Property comprises an iconic building with nine above ground floors and two underground floors. IBC is certificated with BREEAM In Use Very Good.

It has been a pleasure working with both AEW and Mint and I would like to congratulate both teams on closing such an important transaction.  We had strong interest in this property from a broad range of investors, indicative of the continuing level of demand for high quality office buildings in core locations that can deliver robust income returns.

Chris Sheils, Head of Investment Properties CBRE„

In H1 2017, the total investment volume reached almost EUR 2.1 bln. It was the strongest H1 in terms of volume in the history and on a rolling 12 month basis, volumes to the end of Q2 surpassed a new record of EUR 4.9 bln.

In H1 2017, the retail sector dominated the market with a 46% share, followed by offices with a 26% share of investment volumes.

We forecast that total investment volumes in 2017 will once more breach the EUR 3 bln level.

Source: www.cbre.cz





Laugaricio shopping centre acquired by domestic investor

Slovak investor IAD Investments, acting through its fund Prvý realitný fond o.p.f., has purchased Laugaricio Shopping Centre in Trenčín, Slovakia. The original owners were private investors represented by Mint Investments. This sale, the largest property transaction in Slovakia this year, was brokered by real estate consultancy Cushman & Wakefield. The purchaser was represented by MiddleCap Partners, as the transaction adviser, and Havel, Holásek & Partners, which provided legal advice. The transaction went ahead on 20 December 2016.

Laugaricio, which opened its doors in 2009, is the Trenčín region’s dominant shopping centre, catering to a catchment area of some 250 000 people living within a 30-minute drive-time radius. Laugaricio Shopping Centre hosts more than 120 brands, with big hitters including C&A, CCC, H&M, New Yorker and Reserved, over an area of 26 000 sq m, and has a further 15 000 sq m available for expansion.

“Having previously invested in office buildings, the Laugaricio acquisition is our first foray into the retail segment. This acquisition was financed by a syndicate of Slovenská sporiteľňa and Komerční banka,” says Marián Fridrich, transaction manager at IAD Investments.

“The conditions in place at Laugaricio Shopping Centre and its potential for further development make it an excellent opportunity as we seek to continue diversifying our fund portfolio,” adds Vladimír Bolek, portfolio manager and board member at IAD Investments.

Laugaricio’s initial developer was the Mint Investments Group, which has managed the centre from day one and will continue to do so for the new owner.

“Having been involved with this project right from the start, we are pleased that we will be engaged in its further development and potential expansion, which will consolidate the centre’s dominant position in the region,” says Radim Bajgar, Partner at Mint Investments.

“This sale dovetails neatly with investors’ broader interest in regional shopping centres and just goes to show that domestic capital can compete with Western Europe’s institutional players,” says Alexander Rafajlovič, Associate at Cushman & Wakefield’s investment team, which represented the seller Mint Investments in the sale.

IAD Investments, Slovakia’s longest-running management company, has provided financial services in Central Europe since 1991. Its European operations encompass the management of assets aggregating almost EUR 500 million in Slovakia, the Czech Republic and Slovenia.

Over the 25 years of its market presence, it has assembled a portfolio of formidable products, offering clients investment management within mutual funds, along with savings schemes and individual asset management. It sells financial products via a network of financial intermediaries and in cooperation with leading international financial institutions and banks.

IAD Investments is a member of the Slovak Association of Management Companies (SASS) and the Czech Capital Market Association (AKAT ČR). The high quality and professionalism underpinning its mutual fund management is routinely spotlighted in prestigious financial product contests, including Zlatá minca, Fincentrum&Forbes, Top fond Slovakia and the World Finance Investment Management Awards. For details, please visit www.iad.sk.

The Mint Investments Group was founded in 2002 as a partnership, and today numbers upwards of 50 real estate professionals. Mint offers the services of an integrated real estate investment platform that overarches Investment Management, Asset Management, Development and Property Management in order to generate investments with a superior risk-return ratio. Today, Mint Investments manages assets with an investment value in excess of EUR 600 million in its two existing institutional funds (QPPH and Realitní fond KB) and five closed-end private investor funds.

MiddleCap Partners is a Slovak-Czech consultancy offering clients a wide panoply of financial advisory services in a range of industries. MiddleCap’s specific expertise lies in its real estate solutions, encompassing consulting in the purchase, sale, financing and structuring of property transactions and development projects. www.middlecap.com

Havel, Holásek & Partners delivers wide-ranging M&A consulting in projects entailing due diligence in the legal structuring of transactions, the drafting, negotiation and conclusion of transaction documentation, and the winding-up and subsequent merger of acquisitions. In the property sector, it provides legal advice for legions of transactions, including consulting for real estate funds and for international and local developers implementing far-reaching multipurpose projects in Slovakia and the Czech Republic.

Source: www.cushmanwakefield.cz

Mint successfully sold Panorama Business Center

CBRE has advised Mint Investments, Central European real estate Investment & Asset manager, in the disposal of Panorama Business Centre. The buyer was REDSIDE, manager of real estate open-ended investment fund NOVA Real Estate (SICAV).

Built in 2000, Panorama Business Center consists of ca. 6,800 sq m of lettable area and 91 parking spaces. Panorama lies opposite the National Museum and one minute walking distance from the top of Wenceslas Square. The Property comprises a well-maintained modern building with eight above ground floors and three underground floors, high technical standard and attractive design. Panorama is certificated with BREEAM In Use Good.

Mint acquired Panorama in 2015 with 42% vacancy and since then they have successfully completed their asset management plan, reaching full occupancy, within one year. Following completion of their re-leasing strategy, the property has an average unexpired lease term of 5 years. For the purchaser, NOVA Real Estate, a fund managed by REDSIDE, this represents a low risk, stable income producing asset which complements previous acquisitions made by the fund over the course of 2015 and 2016.

It has been a pleasure working with both Mint and Redside on this transaction and we are pleased to have concluded this on an off-market basis. This is a great demonstration of the growing importance of locally managed capital operating at different positions on the risk curve.

Chris Sheils, Head of Investment Properties CBRE

There is a reasonable assumption that the total investment volume in 2016 will reach EUR 3 bln, or even exceed this record high volume, coupled with continuing yield compression. The office sector should dominate the market this year with a 40% share of the 2016 investment volume.

Source: www.cbre.cz

Raiffeisen Centre is now “The Square”

Raiffeisen Centre, dominant building of Prague 4 – Budejovicka, is renamed as The Square.

The building was originally built as the headquarter for the Austrian bank. Nowadays International and Czech companies as well as public institutions are headquartered in The Square.

The Square provides modern office spaces with State of the Art technical specifications, with a total rentable area of 19.000 m2 including 14 above floors and ample parking facilities. The building also enjoys panoramic views of Prague reaching its castle and surrounding.

The building is located on the main junction of Budejovicka and Olbrachtova street, location known in Prague for its excellent transportation both public and car as well as its amenities. The Square is directly located above the metro C station Budejovicka, bus station with # lines in front of the building and the D1 highway exit is 200 meters away.

The Square building was built in 2002 and is currently owned by a local real estate fund and managed by Mint investment since last July 2015.

Main tenants are: State environment fund, Provident Financial, Opel, Ipsen, Endress + Hauser and CAD PRO.

Mint Investments acquired the flagship Louis Vuitton store on Pařížská Street

PRAGUE, November 18, 2015: Colliers International today announced that it has successfully advised on the sale of the flagship Louis Vuitton store on Pařížská Street, which has been acquired by an investment fund advised by MINT Investments.

 

The 2,000 square metre building was completely refurbished by PPF Real Estate during 2014 and tailored to the highest level of specification demanded by Louis Vuitton across their global store portfolio. The entire building, located on  Prague’s luxury high street and retail destination, is leased to the retailer on a long term basis as their flagship store for the CEE region, which has subsequently attracted a great deal of institutional investment interest from around the world.

 

A new investment fund advised by MINT Investments acquired the property through a competitive tender process. Sebastien Dejanovski, Managing Director of MINT Investments, said: “We are delighted to have been able to close the acquisition of this prestigious property. A long term lease in such a prime location offers a stable cash flow with considerable long term rental growth prospects.”

 

Colliers International’s Investment Director, Chris Sheils commented: “This transaction is an indicator of the attractiveness of high street retail properties in prime Prague locations to international investors. The improving economy is helping to bolster retailer turnovers and increasing competition for the best units. We expect to see the current trend of rising high street rents to continue during 2016.”

Mint Investments acquired another office building Olbrachtova 9

PRAGUE, November 11, 2015: Colliers International announced today that it has advised on the disposal of the Olbrachtova 9 office building in the popular Prague 4 office district to a local property fund represented by Mint Investments. The gross transaction volume is around €50 million, which represents the largest single office investment transaction to be closed in the Czech Republic during 2015.

 

The grade A office property, which was constructed in 2002, offers 19,000 mof office and retail premises over ground and 12 upper floors.  Key tenants include Státní fond životního prostředí ČR, Opel, Provident Finance and Raiffeisen Bank.

 

The transaction represents the first acquisition by this local property fund, a fund representing private Czech investors. The purchase was made in partnership with Czech based asset manager MINT investments, who represented the buyer throughout negotiations and will provide ongoing real estate management services.

 

Sebastien Dejanovski from Mint Investments said “We are very pleased with this acquisition, Olbrachtova 9 offers a compelling combination of a high quality office building in a strong location, excellent tenant mix, enjoying great access and visibility”

 

Chris Sheils, Investment Services Director at Colliers International commented “We are very pleased to have been able to advise the seller on this disposal and to have worked with Mint Investments in this transaction in the Czech Republic. This is another good example of the continuing expansion of the capital base for the Czech investment market, a trend we expect to continue for the foreseeable future.”

 

The Seller was represented by Colliers International, Schoenherr & KPMG, whilst the buyer was advised by White & Case and KPMG.

Mint completed acquisition of the Polygon House

Mint Investments completed the acquisition of Polygon House for its private clients. The transaction volume exceeded EUR 20million. Polygon House is a modern, class A office building with 10,500 square meters of leasable area and 125 parking spaces, located in the heart of Pankrác, one of the most attractive and dynamic locations in Prague. The building has a great visibility from the D1 highway, capturing attention with its ship-like shape and glass façade.

Lukáš Schirl, partner at Mint Investments, commented on the acquisition: “We were able to capitalize on a special opportunity for our investors and acquire a modern class A office project with good visibility, in the close vicinity of Pankrac metro station and the Arkády Shopping Centre, more than 90% occupancy generating above market yield. We believe that this investment will generate an attractive risk adjusted return for our investors.”

About Mint Investments

Mint Investments is a leading Central European manager of real estate investments and founder and manager of private equity real estate funds, founded in 2002. With more than EUR 500M of assets under management across seven closed-end funds, Mint Investments counts amongst its investors some of the largest European and Northern American institutional investors as well as large Central European private investors.

Mint Investments offers services of an integrated real estate investment platform. Its teams cover investment management, development, asset management, leasing and property management. Mint employees over 50 professionals based in Prague, Bratislava, Pilsen, Opava, Olomouc, Most and Trenčín, covering the Czech Republic, Slovakia and southern part of Poland. All partners and individual division directors worked for prestigious Anglo-Saxon institutions in the past, both at home and abroad.

Our group is also well known in the CEE region through its subsidiaries CSIA (Czech and Slovak Investments Advisors) and DEVELON.

Mint Investments acquired Palác Euro and Palác Astra

Mint Investments group finalized the acquisition of Palác Euro and Palác Astra in Wenceslas Square at the end of June. Mint bought the buildings as a long-term investment on behalf of its private investors. Total transaction volume exceeded EUR 40 million, vendor being Irish-based Avestus Capital Partners.

Mint plans to asset manage the properties very actively, leveraging its integrated real estate investment platform with a view to maximize long-term income and value of these unique assets.

Palác Euro and adjacent Palác Astra jointly offer over 6,000m2 of leasable area. Palác Euro and Palác Astra are among very few buildings in the Wenceslas Square that offer first-class office and retail premises. Buildings are located in the lower part of the square, at the so called Golden Cross. The microlocation where Wenceslas Square meets with Na příkopě and 28. října streets, is considered the most lucrative shopping destination in the Czech Republic and entire Central Europe.

Palác Euro was built in 2002 and encloses the west side of the lower part of Wenceslas Square. The building boasts a transparent glass facade and golden tower. It offers excellent accessibility, metro entrance being right next to the reception. Immediately after completion, the Palace won several architectural awards, including the prestigious Grand Prix of Architects (new building category), honourable mention – Piranesi Prize and it advanced into the final round of 2003  European Contemporary Architecture Awards / Mies van der Rohe Award. Palác Euro was designed by Omicron – K and DaM studios.

Palác Astra, formerly known as Lindt‘s house, was the first functionalist building built in Prague between 1925 – 1927, designed by architect Ludvík Kysela for the factory owner and artificial flower trader, August Lindt. An interesting feature of the building is the combination of a progressive, functionalist concept of the building with a pseudo-rococo stucco décor of the former Café Astra on the 1st floor and Cariocca wine cellar on the 1st underground floor by Berlin’s Paul Sydow. Ludvík Kysela, when designing the building, was reportedly inspired by two chocolate bars – dark and white, which he put back to back. The building was completely and sensitively renovated in 2011.

About Mint Investments

Mint Investments is a leading Central European manager of real estate investments and founder and manager of private equity real estate funds, founded in 2002. With more than EUR 500M of assets under management across seven closed-end funds, Mint Investments counts amongst its investors some of the largest European and Northern American institutional investors as well as large Central European private investors.

Mint Investments offers services of an integrated real estate investment platform. Its teams cover investment management, development, asset management, leasing and property management. Mint employes over 50 professionals based in Prague, Bratislava, Pilsen, Opava, Olomouc, Most and Trenčín, covering the Czech Republic, Slovakia and southern part of Poland. All partners and individual division directors worked for prestigious Anglo-Saxon institutions in the past, both at home and abroad.

Our group is also well known in the CEE region through its subsidiaries CSIA (Czech and Slovak Investments Advisors) and DEVELON.

The new centre in Opava is now well established

Opava – The Breda & Weinstein Shopping Centre celebrated its first anniversary in November. The predictions of the sceptics have not materialized and the centre is booming.  Radim Bajgar, partner of Mint Investments, makes no secret of the fact that he is delighted with the results.

What do you see when you look back?

If I look back to the very beginning, it was a five extremely intense but very happy years of my life. We created something meaningful that was truly for the people. Even now, we try to support the community. Before the construction, we were a generous sponsor of Opava basketball and then we began to sponsor children’s language education and a foster care project called “Good Family”. Children are our future; we must invest in them and help those who were not so lucky from their birth, like the rest of us. We invested about 1.4 billion CZK, created approximately 400 new jobs and Opava got, instead of a devastated brewery, a beautiful building that is here to stay. We have successfully incorporated the architecture of the old city brewery into a modern construction, which won five prestigious architectural awards last year. No other commercial property has won so many awards in the last 25 years.  At the same time, the first year of operation has been very encouraging, and not just for me personally. The number of visitors is steadily growing and people like to come back.

Many predicted that the interest would die out as fast as it started.

They were wrong. I am always sincerely sorry when people are negative, reject improvements and oppose new things. If we were all like this, our society would not work, it would not develop. Of course, not everything always works out, but our policy is to do things 100% with a positive attitude and in good faith. Do people prefer metal boxes in city suburbs that everyone has to drive to, or an airy timeless interior with the beautiful architectural features of a brewery complemented with art by local patriot Kurt Gebauer, which can be easily reached on foot or by public transport? After the first year, we can see that we were not mistaken with this. The complex is 92% occupied and this year, we would like to bring in the remaining tenants in the form of small shops and services, such as florists, pet shops, travel agencies, stationery, specialty stores with children goods, cheese shops, shops with delicatessens and more fashion and gastronomy. Breda & Weinstein will be 100% full by the end of this year.  Despite a long delay, a mini brewery and restaurant also opened in Breda. Our tenant was struggling with numerous technical problems, but eventually everything turned out well. The owner is apparently preparing a special Olympic beer for the Winter Olympic Games.

By the looks of it, you seem to have enough visitors.

I am not complaining. More than 15,000 people visited every day over the Christmas period and on busy days the number reached 25,000. We erected a very nice Christmas tree for our visitors, which will no doubt be even nicer and bigger next year. The entrance was lined with Christmas stalls, including sales of live carp and Christmas trees. Since the New Year, between 11,000 and 15,000 people have visited the centre each day, which is also good news.  Our catchment area starts at Jeseník and ends at Hlučín; we are not solely dependant on Opava, as the total catchment area includes about 300,000 inhabitants. We have also learned that the people of Opava like to visit the cinema and CineStar seems happy with the number of visitors. In addition, we also focus on children, as I mentioned earlier. Three times a week, we organize quality children’s English courses for free, as we try to provide language teaching to replace that available at Czech grammar schools, which with a few exceptions, is not of a particularly high quality. We cooperate with the Silesian Theatre whose actors perform a fairy tale for children each week and we also hold children’s creative workshops once a week. We cooperate with many sports organizations in the city. Children learn in-line skating in our underground garages in the winter. I would also like to take the opportunity to appeal to people regarding the foster care project that is supported through the “Good Family” project located on the 1st floor of the centre. If it is out of the question to foster a child then I am sure almost every one of us can symbolically contribute towards this programme that makes such a positive contribution to our society.

You previously considered connecting the New Breda centre with the original department store. Is this still on the table?

No, probably not. We tried twice and were very close to signing a contract but it fell through each time. Never say never, but given the poor technical condition and the legislative situation regarding the original Breda, I cannot see it happening in the foreseeable future. Nevertheless, the new Breda is technically and in terms of blueprints, ready for this step.

Your “masterpiece” is of course, the arrival of the Czech Post Office.

I think so. The negotiations took three years and the Czech Post Office was seriously interested from the very beginning, but their financial projections were a long way away from ours.  What in fact happened with their move to Breda was that they followed their clients, who were offered free parking and an attractive and technically perfect environment. The parking had represented the biggest obstacle for them in the past, but it is now resolved. We discussed the strategy of the Czech Post Office with their representatives many times. The type of services offered has significantly changed in the last twenty years and so have their requirements for location and technology. Director Janowská spoke about this during the opening ceremony. The New Breda has fulfilled all these requirements.

The present looks very encouraging. Was it difficult to get to this point?

If we don’t dwell on the preparation stage of the development, then the first year of operation was also not exactly a bed of roses. The first three months we had to deal with various shortcomings and problems that arose unexpectedly. As soon as we removed one problem, we had to face another, but that’s how it goes. After opening, we had to deal with the heating and the building’s smart management system which at the beginning seemed not so smart; in summer we had to sort out the screening and air-conditioning and the roof was leaking in many places; however it was also sorted and fine tuned by autumn. We have started this year completely satisfied. The customers love us and we love them. I do not want to sound too pathetic, but we are prepared to fulfil their first and last wishes.

Building of the year award for Breda

On Thursday 10th October 2013 a gala announcement of the prestige award Building of the Year took place in the Senate of the Parliament of the Czech Republic.

The competition is organized by the Czech Chamber of Authorized Engineers and Technicians Active in Construction Industry, Foundation for Architecture & Construction Development, Ministry of Industry and Trade and by Union of Entrepreneurs in Construction Industry of Czech Republic. This year was the 21st time the best buildings constructed in the Czech Republic competed for the title of Building of the Year. The jury had to pick from 54 registered projects, from which the best 16 made it into the final.

Breda & Weinstein won the Building of the Year 2013 prize for “grand transformation of old brewery into a new community and shopping centre with focus on sensible urbanistic solution”.

It is the 4th price awarded to the centre already. After the Honourable Mention at the Grand Prix of Architects, Honourable Mention and the Prize of the General Public in the Buildingo of Moravskoslezky kraj competition, this is our next, very valuable triumph.

Radim Bajgar, managing director of Mint Investments, commented on the award:

“In Mint our aim was to take a humble approach to the reconstruction of the brewery.  Coupling beautiful old buildings with new development was very complicated, in both commercial and construction sense, and entailed a number of trade-offs.  Some of our tenants had to work really hard during the construction of their units and deserve a big thank-you for their perseverance. After nearly a year from opening it seems that our joint work has been a success and both general and professional public appreciate it, which is quite an outstanding achievement. We would like to thank everyone for their encouragement and support.”

Reconstruction of the street Na Valech

Mint Investments, investor of Shopping Centre Breda &  Weinstein, completed the reconstruction of the Na Valech street in Opava at its own costs. The main reason was its unacceptable, at times emergency condition. Construction took place from 15th April to 13th June 2013 and costs amounted to nearly 3 million CZK.

Works included reconstruction of roads, pavements and adjacent built-up surfaces in the western part of the historical centre of Opava. New grass areas were added while old ones were regenerated.   The reconstruction was supposed to improve convenience of citizens and also improve the access to the nearby Shopping Centre Breda & Weinstein. We paid a lot of attention to preserving the access to as many individual estates as possible in all areas affected by the reconstruction.

City of Opava provided granitebricks, which were laid on a small part of the road. City’s Technical Services built a brand new public street lighting. 6 street lamps were set upin this exercise.

Radim Bajgar, managing director of Mint Investments, added:

„After the opening of Shopping Centre Breda & Weinstein, we as responsible investors were deeply concerned  with the state of surfaces on the Na Valech street. Due to strained condition of public budgets we were left with no other option but to invest our own funds into the reconstruction and do all the work under our own management. Our aim is that people would not only drive to our centre but mainly came on foot or by bike, which should also be the most comfortable for them. I believe that opening of SC Breda & Weinstein as well as reconstruction of Na Valech street will increase the comfort and quality of life in the historical centre of Opava.

SC BREDA won another two awards!

The gala announcement of the 7th annual competition Building of Moravian-Silesian Region for the year 2012 was held in Janacek conservatory in Ostrava on Monday 17th June 2013.

The competition is organized by the Union of Entrepreneurs in Construction Industry of the Czech Republic, Czech Chamber of Authorized Engineers and Technicians, Community of Architects and Moravian-SilesianRegion. Throughout the years, this competition earned a very prestigous reputation and this year, 29 buildings constructed in the Moravian-Silesian Region took part. Objectivity of the competition was ensured by the jury being composed of representatives from each of the announcers.

SC Breda & Weinstein won the Prize of the General Public, which was awarded to the project with the highest  number of votes.

Another  award was won in the category Best Building - Public Amenities - Reconstruction, where SC BREDA & WEINSTEIN received Honourable Mention and came just second behind the main award winner - multifunctional hall Gong.

 

Radim Bajgar managing director at Mint Investments, commented on both awards:

“We are really delighted with both awards. The Building of MSK is  second competition already - after Grand Prix of Architects - where our centre received an award. I would like to express big thank you to Safer Hajek Architects studio for excellent cooperation that has lasted for many years and also to the resilient and professional team at Mint Investments.

But the most pleasing is the Prize of the General Public. I would like to take this opportunity to thank everyone who supported our centre and voted for us. This is a significant sign that people like it and and that Breda & Weinstein is becoming their cordial affair. We will make sure that we do our best for that at Mint Investments.”

Acquisition of Olomouc City shop centre

The Mint Investments real estate and investment group duly paid the auctioned purchase price of EUR 15.1 million for the Olomouc City shopping centre, thereby completing the largest real estate transaction of its kind in history in the Czech Republic. This involuntary auction of a shopping centre with a starting price of EUR 8.6 million was conducted by the auction house Naxos a. s. in the Sacre Coeur Chapel. Clearly there are strong and flexible local investors on the market in the Czech Republic that are able to pay such purchase price in the required 30-day period.

Sebastien Dejanovski, a Partner at Mint Investments, added: “We are glad that we managed to acquire this property for our portfolio at such an attractive price. This real estate transaction was unique in many regards; such a large complex has never been sold in the form of an involuntary auction. There are currently strong tenants in the centre and we are confident that we can unlock the real potential of Olomouc City. Further, it is important that the shopping centre perfectly fits into our portfolio of retail properties. Mint currently manages the shopping centres Laugaricio in Trenčín, Rýnovka in Jablonec, and the Čestlice Retail Park in Prague and several others. Breda&Weinstein in Opava will open in November 2012, a demanding development project right in the heart of the town’s historical centre.”

Lukáš Schirl, the group Partner responsible for asset management, added on the acquisition of the Olomouc shopping centre: “As far as the future of the centre is concerned, we will invest both our time and funds in capital expenditure. Though it is not possible to give any more details at this time, we will capitalize upon the centre’s strengths, such as the very popular Cinestar multiplex and neighbouring Globus hypermarket. We will definitely be striving to expand the offer of shops and services. Olomouc City is already one of the most popular shopping locations in the region and its position will strengthen further in the future.”

Note for editors: About Mint Investments

Mint Investments is a development and investment real-estate company focusing primarily on the retail, office and residential segments. Mint participated since 2004 on 30 projects in the Czech Republic and Slovakia with a value over EUR 1B.

Mint operates in partnership with local and international, institutional and private property investors and typically participates in ownership. Mint´s hands-on approach to asset, leasing, property and facilities management, allow it to define the right property positioning, reduce operating costs, improve the tenant mix and through prudent capital improvements enhance the asset value one project at a time.

About the Olomouc City shopping centre

The Olomouc City shopping centre, which began its operations in 2005, is one of the largest complexes of its kind in the Central Moravian region. It is situated on the northwest edge of the centre of Olomouc along Pražská Street. The total leasable area amounts to approximately 18,000 m2. There are currently 70 shops, restaurants and other businesses located here. The main tenants include, for example, the CineStar multiplex, Sportisimo, Euronics, CCC, Reno, Gate and several others.

RUN-UP 2012

RUN-UP 2012

Business Centre Bohemia, a modern office building in Pilsen, locally known as the “skyscraper”, will host the great Run-up 2012 race on Sunday 17th June 2012.

This event, that has been held in the Czech Republic for several years now, is also organized in many other countries (e.g. Germany, France, Canada and of course the USA where the most famous race of this type takes places every year in the Empire State Building in New York City).

The principle is very simple: The participants must run up the stairs in one of the tallest buildings in the Czech Republic and reach the top of the tower in the shortest possible time. After the first round, the 40 fastest (22 men and 8 women) in the Elite race qualify for the finals. The final is held on the same day and the fastest runner wins the grand prize.

The runners will be able to choose between the Elite Run-Up race (race to the top of the tower with the chance to qualify for the finals and the CR Championship in running up stairs) and the Open Run-Up (race to the middle of the tower). In total, 8 men and 4 women will qualify from the races held in the individual cities for the CR Championship.

The race is organized by the ChrisFromParis Organisation in 7 Czech Republic cities.

We have acquired FOC for our private clients

Mint Investments, a Central European administrator of non-public real estate investment portfolios, has successfully completed the acquisition of the Factory Office Centre (FOC).

The FOC, located in the popular district of Prague 5 – Smíchov, represents approximately 10,000 m2 of the highest quality office and retail space, leased mainly to international tenants. The transaction amounted to nearly 30 million Euro.  Factory Office Centre building has an excellent location next to one of the largest transportation hubs in Pragueand is fully occupied. It boasts long-term leases with international tenants such as Johnson & Johnson and companies from the WPP group.

Mint Investments has extensive experience in managing real estate investments for international and local institutional investors. By raising and allocating free resources from local private investors in the real estate market, Mint Investments has once again demonstrated its flexibility and adaptability to changing market conditions.

Radim Bajgar, a partner at Mint Investments, said: “Our primary focus remains establishing and managing non-public real estate investment portfolios for large local and international institutional investors. As a result of great potential and rapid growth in interest of local investors in investing their free capital into commercial real estate, we can now offer a comprehensive solution for this private clientele.

Konopiště Resort – Villla Kaplický

Over the last year we gradually became familiar with the collection of current architecture in Konopiště Resort project.

Super temporal modern architecture, which was suggested for this project by 11 reputable architects, is one of the preferences this project has. At the time of the first republic, works of art used to be named like their authors, or had names of their owners. An Architect was considered as an important part of creating a history. The creators of the resort took up this magnificent tradition. Resort has in its collection, apart from social club Volavka, another two apartment houses Kunc and Maura, 15 family houses Maura and 21 Majestic villas, namely Villa Stempel, Villa Sládeček, Villa Eichler, Villa Kavánová, Villa Palaščák, Villa Fránek, Villa Lampa, Villa Bachleda and here is to mention the last from Majestic villas.

 

VILLA KAPLICKÝ by Future Systems of Jan Kaplický.

Jan Kaplický does not need to be specially introduced. However, we presume that his work is not completely known in Czech Republic. Nevertheless his importance is generally accepted and in people’s awareness, he is the best world wide known architect of Czech origin.

Almost nobody knows that Jan Kaplický with Future Systems was the only architect, who worked for NASA. There are many other projects, which remain unknown in Czech Republic. It is a shame, but it is also only question of time. These days, preparations for an exhibition by Jan Kaplický in the Center of nowadays art DOX in Prague 7 are in progress.

Leoš Válka with all his team does his best to let the public know about this ingenious architect, visionist and fantastic person, so that people can really appreciate his work. Exhibition is designed and realized by Eva Jiřičná with her team and in close cooperation with MRS Eliška Kaplická and large group of foreign specialists. Resort Living lent the original models of both Konopiště Resort designs, so that we can see Villa Kaplický and Club Volavka in a way, how Jan Kaplický modeled them with his courteous modeler in London.

Mint Investments gains Factory Office Center

Mint Investments gains the Factory Office Centre (10,000m²) thanks to its private clients and initiates an energetic project in the area of thermic processing of biologically decomposable materials.

The company successfully closed another acquisition for its Mint Fund in the form of the Factory Office Center (FOC), representing 10,000m² multifunctional areas of the highest class in popular business part in Prague 5 – Smíchov. The size of the transaction reached approximately 30 million euro. Factory Office Center building is distinguished by its excellent position right next to the important traffic point, fully occupied places and long term tenancy by international tenants such as Johnson&Johnson and WPP Group.

Mint Investments Company initiated the construction of its project, the Social center Breda&Weinstein in Opava, which will be open to public on the 15th of November 2012.

16th YEAR OF MAPIC TRADE SHOW

Festival palace of French Cannes became from 17th until 19th of November an exhibition stage for the already 16th year of MAPIC trade show, focused on real estates for commercial use, especially shopping centres.

7.400 visitors from 2.940 companies of 67 countries of all over the world visited Cannes this year. The visitors were especially developers, investors, real estate agencies, representatives of the cities and the whole regions, retail chains, stations and airports. Visit rate of the trade show rose in comparison with the previous year by 10%. MAPIC keeps its position of the most significant forum specialized on global retail market. This year, moreover, points at comeback of optimism and trust in this segment of real estate market.

Participation of Czech Republic remained approximately the same as last year. Cannes visited over 20 companies active on the Czech market. Economic recession influencing the Czech retail market mirrored in the structure of inland participation. Over the last years, MAPIC used to be an ideal platform for developers to present and offer their business centres especially to their potential tenants, but this year’s event eliminated this option to minimum. Czech developers were at the exhibition stage earlier than visitors without their own stands (e.g. Crestyl Management, Pointpark Properties, and Lordship etc.). This is the result of the fact, that only 117.000 m² will be added to inland retail real estates this year. In the capital city Prague was opened only one business centre Galerie Harfa, and very similar situation concerns the regions. Actually, the only Czech developer, who opened his exhibition was MINT Investments Company focusing on Czech and Slovak regional centres (in initial phase Breda & Weinstein in Opava, Stadium in Žilina and second phase of the project Laugaricio in Trenčín) and last but not least, construction of Retail Park in Čestlice near Prague. Besides Czech developers also inland active retail chains were represented on the trade show (e.g. Datart International, Sephora, Pietro Filipi, McDonald´s, Toys Way Service) and consulting companies. Sebastien Dejanovski, partner of MINT Investments, stated: „We can see a continuous revival and slight increase on European retail markets. According to the information by Jones Lang LaSalle, direct investments into retail business real estates in Europe in first three quarters reached 15,2 billion euros, what is approximately at 90% more in comparison with the same period last year. Marks and representatives of retail chains established inland or active abroad start to look for attractive locations, especially in regions, where demand on shopping centres of high quality was not that sparkling. Negotiations with potential clients in our regional business centres absolutely claimed this fact. Attractiveness of Czech and Slovak Republic is caused also by the fact, that in countries of middle and east Europe is until 2013 expected yearly GDP increase of 2,5 – 5,1%, which is more than says the average forecast for all EU countries.

The most discussed topic of the show was of course an impact of economic recession on small retail real estate segment. As stated in discussion about the future of this market by Richard Lloyd-Owen, partner of consulting company Deloitte for retail segment in EMEA countries, global growth of small retail businesses next year will focus mainly on some non-European regions with big growth potential, where expected GDP Growth will be higher than in Europe and will exceed 5%.  This concerns for instance Russia, Turkey or developed countries in North Africa or South America. As a reaction on increasing globalization and customers´ behaviour, big shopping and entertainment centres will be created in these countries. Designs come mostly from globally active architects and developers and build opportunities for international expanding small retail chains.

Good example is shopping centre Boulevard Londrina Shopping in southern Brazil by Portuguese developer Sonae Sierra, Shopping and entertainment centre Cleopatra Mall presented by the company Cleopatra Group in Cairo, Egypt nearby Pyramids of Giza or the biggest Turkish project Forum Istanbull by Dutch developer group Multi Corporation.

Hundreds of shopping and entertainment centres from all over the world were presented at the show. This year MAPIC focused on cities and regions, where development of commercial real estates has the priority in landscape planning. In "Retail in the City Summit" with representatives of 90 countries, especially trends of sustainable development in retail business sector and strategies of cooperation between partners from public and private sphere were discussed. Great opportunity for developers of ten chosen shopping centres worldwide was also interactive conference "Speed Matching", where they could present their projects to prominent investors and retail business chains, which were looking for new possibilities. In 10 best was also project II.phase of shopping centre Laugaricio in Trenčín.

Highlight of the show was Gala evening with prize nomination MAPIC Awards. Prizes were awarded in four categories – best international small retail chain (Jack Wolfskin, Germany), best retail concept (Lego, Denmark), shopping centre of the year (Odysseum in French Montpellier, developer: Icade) and city of the year, which has risen its attractiveness in retail business the most. (Brussels, Belgium).

Next, 17th year of MAPIC trade show will take place in Cannes from 16th until 18thof November 2011.

Company is selling two projects

Company sells two projects, gains multifunctional project Silesian Court in Opava and realizes first energetic project in the renewable resources sector, Němčičky Solar Park (0,4MW).

In 2010 Mint Investments sells its two projects. First of them is the project Stodůlky Office Center (4,400m²) and the second residential development project Matějkova (1,697m²) in Prague. The group widens its portfolio by development project Silesian Court (10,000m²) in Opava. The overall number of the projects by Mint Invesments in 2010 is 27 and useful premises of the projects rose at 474,228m².

Company’s portfolio attacks 500,000m²

Company’s portfolio attacks 500,000m² of useful premises.

In 2008 the overall number of projects increased to 26 with the overall useful area of 455,325 m². Mint Investments had in portfolio altogether 9 office projects, 5 retail projects, 10 residential projects and 2 city centre projects in 2008. The group extended its capital participation in 2008 for multifunctional project Pilsen City Centre (8,500m²+20,000m²) in Plzeň, Slovak OC Štadión in Žilina (65,000m²) and residential development project Konopiště Resort (20,000m²). In 2008 Mint Investments also sold its two projects, Palác Anděl (14,582m²) and finished residential project Zahradní Čtvrt in Prague -Zbraslavi (35,061m²).

Formation of the second key governing firm DEVELON

Formation of the second key governing firm DEVELON, formation of the second fund QPPH

The investor of the QPPH fund became the Avestus Capital Partners Company (earlier: Quinlan Private). The amount of the capital reached 60 million euros. Strategic focus of the fund was middle and big development projects and investments in the Czech and Slovak Republic, with the investment value of more than 10 million euros per project. In 2007, the list of the projects controlled by the group was extended by the Office Park Nové Butovice (27,548m²) and Palác Anděl (14,582m²) in Prague. The group also signed a future sales agreement with the providing of mezzanine financing (forward funding) for the project Factory Office Center (10,000m²) in Prague.

The development projects portfolio was sprawled out, too. This concerned the Office Park Nové Butovice C (6,989m²), residential projects Swedish Residence (1,446m²), Sacre Coeur ׀׀ (9,980 m²) and Malvazinky (5,595m²) in Prague, Královská vyhlídka (5,204m²) in Karlove Vary and project Bottova (20,000m²) in Bratislava. Among the retail business development projects, the group gained the Breda&Weinstein shopping center project (26,000m²) in Opava and Čestlice Retail Park project (25,000m²) in Čestlice near Prague.

Realization and financing of the next projects

Realization and financing of the next projects and buildings

In 2006 realized Mint Investments group the acquisition of property for the construction of the biggest shopping center in the district of Trenčín in Slovakia, OC Laugaricio (67,000m²). Moreover, the group then entered flat development projects Sacre Coeur ׀ (9,808m²), Jeseniova (12,270m²) and Záhradní Čtvrť (35,061m²) in Prague. The group signed a future sales agreement with the providing of mezzanine financing (forward funding) for the project OC Rýnovka (15,401m²) in Jablonec n/N in 2006, as well.

First big projects in the fund CSPF portfolio

First big projects in the fund CSPF portfolio

In 2005 invested Mint Investments group in the first projects in Czech and also Slovak Republic. In Czech Republic, the following projects were concerned: Smíchov Real Estate (18,250 m²), Solitaire (9,357m²), Stodůlky (4,400m²) and Asseco (8,163m²) in Prague. In Slovak Republic was it the Atrium Shopping Centre in Bratislava (4,195m²). In 2005, a future sales agreement with the providing of mezzanine financing (forward funding) was signed for the project Mercury Shopping Centre in České Budejovice (18,000m²) and investing in the development projects Matějkova (1,697m²) in Prague and residential project Jégého Alej in Bratislava (56,000m²).

Formation of the one from two governing firms, CSIA

Formation of the one from two key governing firms CSIA (Czech and Slovak Investment Advisors, s.r.o.) and formation of the first fund CSPF (Czech and Slovak Property Fund B.V.).

In 2004 Mint Investments group created one of the two key institutional funds with the name CSPF. The main investors of the funds became Česká spořitelna (Czech savings bank) and Slovenská sporiteľňa (Erste Group) (Slovak savings bank). The capital of the fund CSPF reached 100 million euros. The CSPF gained altogether 22 real estate projects in the Czech and Slovak Republic with investment value of more than 500 million euros in 2004-2007.

Company formation

Formation of the Mint Investments group by means of the company CEC Capital CZ s.r.o.