#1 in Regions
Both Forum Liberec and Forum Ústí nad Labem are the dominant retail destinations in their respective regions - the Liberecký and Ústecký kraj - with no comparable competing scheme in either catchment.
CBRE is pleased to present a compelling dual-asset retail investment opportunity in the Czech Republic. On behalf of NEPI Rockcastle, we introduce the Forum Ústí nad Labem & Forum Liberec, two dominant shopping centers anchoring the retail markets of the Ústecký and Liberecký regions. Forum Ústí nad Labem and Forum Liberec are centrally located, established and fashion-led shopping destinations serving a combined catchment of almost 0.7 million people within a 30-minute drive time. The Portfolio offers approximately 74,460 sqm of total GLA across the two assets, with a blended occupancy rate of 98%.
The centres benefit from strong and diversified tenant line-ups anchored by internationally recognized brands including Cinema City, H&M, Albert, Tesco, Sportisimo and C&A, supported by a broad mix of fashion, food & beverage, services and leisure operators. Project Amber represents a rare opportunity to acquire scale and exposure to two of the Czech Republic's most established cities, underpinned by resilient long-term income with a clear upward trajectory.
Six reasons to acquire the Forum Portfolio.
Both Forum Liberec and Forum Ústí nad Labem are the dominant retail destinations in their respective regions - the Liberecký and Ústecký kraj - with no comparable competing scheme in either catchment.
Full year 2025 data indicated a healthy level of 7.9% blended Rent-to-Sales ratio which is well within the sustainable range for secondary Czech retail and below the CBRE Shopping Centre Index. This indicates sustainable rental levels and room for further growth, underpinned by consistently high occupancy and strong rent collection.
Two leading regional shopping centres, offering a combined 74,460 sqm of GLA space and benefiting from a consistently high occupancy rate of 98%.
Anchored by Tesco, Albert, H&M, CCC, KFC and McDonald's, both centres feature a strong mix of popular brands and on-site entertainment, with the Ústí centre hosting the region's only cinema.
Combined annual footfall of almost 20 million visitors across both centres, Forum Liberec and Forum Ústí nad Labem are supported by excellent public transport connectivity and strong regional catchment draw.
Forum Liberec completed a comprehensive refurbishment in 2020, delivering a modernised shopping environment with upgraded common areas, new retail frontages and improved visitor amenities.
“Project Amber offers investors immediate access to two dominant shopping centres, modern, well-maintained and professionally managed, each the undisputed leader in its respective catchment area.”
Forum Liberec - nám. Soukenné 669/2a, 460 01 Liberec. Six bus + four tram lines at Fügnerova hub next door, rail station 4 min by car, iQLANDIA 3 min walk. Centrum Babylon leisure complex 5 min by car.
Lower Ground - fashion-anchored by Sinsay, H&M, CCC, New Yorker and Mohito, with a foodcourt led by KFC, McDonald's and Popeyes.
Upper Ground - anchored by Tesco, supported by H&M, Reserved, C&A, New Yorker, Deichmann and Sportisimo. The commercial backbone of the centre.
First Floor - entertainment level anchored by Cinema City and bowling, with Burger King, Pizza Hut, Saunia and dm drogerie.
The asset delivers a 99.6% rent collection rate.
Consistently stable footfall - 255 visitors/sqm p.a., 60% above CBRE benchmark.
“Ústí nad Labem is the regional capital of the Ústecký region and the gateway to one of the country's most popular nature reserves - Central Bohemian Highlands (České středohoří).”
Forum Ústí nad Labem - Bílinská 3490/6, 400 01 Ústí nad Labem. 4 bus routes at Malá Hradební. Direct cable-car link from the 2nd floor to Větruše Château. Jan Evangelista Purkyne University (JEPU) nearby.
1st Floor - fashion- and convenience-led; H&M, New Yorker, CCC, C&A, JD Sports, Douglas, plus dm drogerie and BILLA (to be replaced by Albert in Q1 2027) on the eastern side.
2nd Floor - fashion and lifestyle; H&M, New Yorker and Cropp anchor the west; Sportisimo and Sinsay anchor the east.
Top Floor - leisure and parking, anchored by Cinema City and the Větruše cable-car station.
A 100% rent collection rate reflects strong tenant quality.
Consistently stable footfall - 286 visitors/sqm p.a., 79% above CBRE benchmark.
The transaction comprises the sale of 100% of the ownership interests in the special purpose vehicles (SPVs) holding Forum Liberec and Forum Ústí nad Labem. Both assets are held via Czech-law SPVs ultimately owned by NEPI Rockcastle, a leading pan-European retail real estate company listed on the Johannesburg Stock Exchange and Euronext Amsterdam.
The installation of approximately 500 kWp of rooftop photovoltaic capacity would lift Forum Liberec to Energy Class A and Forum Ústí to Energy Class B. The technical project has already been initiated by the current owner, leaving an incoming investor with a clearly defined, low-capital execution path; envelope and systems upgrades remain the additional route from B to A at Ústí.






























Marketing materials are available to download directly. The Financial Data Pack is access-restricted — please enter the code provided by CBRE Capital Markets to unlock it.
For further information on Project Amber, including access to the data room and management presentation, please contact the CBRE Capital Markets team.
Senior Director
Head of Capital Markets CZ
Managing Director
Head of European Retail