CC Real has a strong record over 20 years of developing, investing and managing complex retail properties, with a current AUM of €3.5bn, or 550,000 sq m. We manage on behalf of global institutions and REITs, and we invest our own capital. Our senior team has significant experience in delivering transactions and asset repositioning strategies.
Overview:
- CC Real has created a centre of excellence in retail investment in our home markets of Austria and Croatia, and we have invested with partners in Finland, Hungary and UK, identifying opportunities, managing the transactions, creating investment structures, and building teams locally to strategically manage to achieve our required investment returns.
- Our strategy is to take the same investment ethos and expand our footprint selectively into new European countries.
Retail Focus Area:
We have conviction in Convenience Retail and in Experience Retail.
- Convenience covers smaller scale properties that have local appeal and high frequency visits.
- This will generally be grocery anchored, can be smaller covered centres or open air parks and are accessible to dense housing areas.
- Experience covers larger scale properties for people who like to shop.
- Occupiers will be flagship fashion brands, leading comparison retail brands, with a high proportion of F&B and leisure users.
- The destinations will be in major cities, and often adjacent to large office or residential areas.
- Dwell time will be significantly higher, although visits will be less frequent, and customers will travel further for the experience.
Strategy:
- Our local knowledge and market insights support the investment process together with local teams.
- We have recently strengthened our Italian presence and are working with partners to invest into high yielding convenience centres across Italy.
- We are investigating opportunities on behalf of partners in Germany, Austria, France and CEE.
- We have strong existing relationships in Croatia which we will expand into new investments in Croatia and other CEE countries.
- We have an established team in Finland and we continue to review interesting opportunities in the Nordic region knowing we have the skills to transact and to manage.
