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Intimissimi is the Latest Brand to Set Up Shop on Prague’s High Street

MAX Immo secures tenant for 130 square metres of prime retail space

MAX Immo, a leading Prague-based real estate advisory firm, announced that it has successfully secured a tenant to occupy 130 square metres of prime retail space at Na Příkopě 25, which was purchased alongside Na Příkopě 23 and 27 in June by a French pension fund, ERAFP, for app €80 million from an Austrian private investor and client of MAX Immo.

Intimissimi, an Italian lingerie and sleepwear retailer, who signed the agreement during negotiations of the sale, will join the likes of Tommy Hilfiger, Tezenis and Salamander, who also currently occupy retail space throughout the three-building asset.

“In general, we don’t see many transactions on Na Příkopě due to high demand from tenants who appreciate its prime location and often wish to stay put,” said Martin Indra, Retail Consultant, MAX Immo. “Even though rents here are among the highest in Central & Eastern Europe and tenants often have to pay a premium for their desired location, regional demand for space of this calibre far exceeds supply.”

Intimissimi, who belongs to the Calzedonia Group, operates 3,500 shops in 30 countries., Prague 12.08.2016 

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