Bluehouse Capital has begun the modernization of Novodvorska Plaza, its 26,000 sqm shopping center in Prague 4, which is under Cushman & Wakefield asset management. The work gets underway just a year after the investor acquired the asset, which offers 2,000 sqm of office space in addition to 85 stores.
Bluehouse Capital has begun the modernization of Novodvorska Plaza, its 26,000 sqm shopping center in Prague 4, which us under Cushman & Wakefield asset management. The work gets underway just a year after the investor acquired the asset, which offers 2,000 sqm of office space in addition to 85 stores.
The center’s main tenants are Tesco, H&M, CCC, Deichman, New Yorker, Sportisimo and Datart, but Bluehouse expects important new tenants to sign leases as a result of the work. This is to include a complete overhaul of the mall’s interior and façade, the creation of a new entrance as well as a fresh foods market area and F&B clusters. The owner expects these changes as well as the creation of new outdoor seating restaurants at ground level and on a new terrace to help improve footfall. This currently stands at 4.5 million visitors annually.
Last year, Bluehouse Capital completed a complete renovation of another retail asset, Korso Karvina, a 13,000 sqm center anchored by Albert, C&A, New Yorker and CCC. The center attracts 2 million visitors annually and is the primary retail destination for the city of Karvina.
