Project
Amber.

Forum Ústí nad Labem and Forum Liberec Portfolio.

74,460sqm Total GLA
~20M Annual visitors
98% Blended occupancy
~0.7M 30-min catchment
Introduction

Dear Investor,

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.

Yours sincerely,
Forum Liberec - aerial view
Forum Liberec · Liberec
2 Dominant retail assets
74,460sqm Total GLA
~20M Combined visitors p.a.
98% Blended occupancy
Investment Highlights

Investment Highlights.

Six reasons to acquire the Forum Portfolio.

Portfolio Forum Liberec
Portfolio

#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.

Portfolio

Proven Performance

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.

Portfolio

Exceptionally Low Vacancy

Two leading regional shopping centres, offering a combined 74,460 sqm of GLA space and benefiting from a consistently high occupancy rate of 98%.

Portfolio

Well-Known Brands

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.

Portfolio

High Footfall and Accessibility

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

After Major Refurbishment

Forum Liberec completed a comprehensive refurbishment in 2020, delivering a modernised shopping environment with upgraded common areas, new retail frontages and improved visitor amenities.

Forum Liberec

Prime retail in regional Czech Republic.

“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 - FORUM tower

Key facts - Forum Liberec.

99%Occupancy
2009Constructed
2020Refurbished
46,740sqmGLA
41,600sqmRetail GLA
UG+3FFloor layout
3.34yrsWAULT
850Parking spaces
BEPC (valid until July 2033)

At the heart of Liberec's urban life.

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.

10 min by car
110,319
Population · €1,638.7M PP · €14,854 per capita
20 min by car
221,748
Population · €3,247.0M PP · €14,643 per capita
30 min by car
311,552
Population · €4,580.4M PP · €14,702 per capita

Three floors, Tesco at the engine.

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 centre features a well-balanced composition of tenants across key retail categories.

Tesco5,389 sqm
H&M1,936 sqm
New Yorker1,477 sqm
C&A1,381 sqm
Datart1,147 sqm
CCC1,070 sqm
Sportisimo1,055 sqm
Deichmann460 sqm
McDonald's405 sqm
KFC340 sqm
Douglas269 sqm
Sephora248 sqm

The asset delivers a 99.6% rent collection rate.

12M Annual visitors

Consistently stable footfall - 255 visitors/sqm p.a., 60% above CBRE benchmark.

Direct digital reach.

Instagram
5K
Followers
Facebook
12K
Followers
Spot Czechia
13K
App users
Forum Ústí nad Labem

The best-placed shopping centre in the region.

“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 - aerial with river and Větruše

Key facts - Forum Ústí nad Labem.

96%Occupancy
2009Constructed
27,700sqmGLA
UG+3F+1TFloor layout
3.24yrsWAULT
487Parking spaces
CEPC (valid until Apr 2034)
300KCable-car passengers p.a.

Integrated into the city's primary movement network.

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.

10 min by car
91,890
Population · €1,346.5M PP · €14,653 per capita
20 min by car
204,921
Population · €2,987.3M PP · €14,578 per capita
30 min by car
381,189
Population · €5,532.8M PP · €14,515 per capita

Five floors, BILLA (Albert from Q1 2027) and H&M at the engine.

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.

Forum Ústí is well diversified in terms of its tenant line-up. BILLA and H&M represent the centre's dominant anchor tenants, with BILLA being replaced by Albert in Q1 2027.

Cinema City2,934 sqm
H&M2,055 sqm
New Yorker1,559 sqm
C&A1,389 sqm
Sportisimo1,322 sqm
BILLA → Albert1,236 sqm
DM drogerie640 sqm
Datart562 sqm
Deichmann500 sqm
JD Sports432 sqm
Knihy Dobrovský428 sqm
KFC236 sqm

A 100% rent collection rate reflects strong tenant quality.

~8M Annual visitors

Consistently stable footfall - 286 visitors/sqm p.a., 79% above CBRE benchmark.

Direct digital reach.

Instagram
6.7K
Followers
Facebook
24K
Followers
Spot Czechia
13K
App users
Subject of Sale

Ownership Structure.

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.

100%Ownership interest offered
SPVsCzech-law holding structure
NEPI RockcastleVendor
CBREExclusive advisor
2Assets
ESG Performance

Optimised for today.
Positioned for long-term growth.

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.

Optimised for today, positioned for long-term growth
Forum Liberec EPC
Class B · valid until Jul 2033
Forum Ústí EPC
Class C · valid until Apr 2034
Total delivered energy - Liberec
36 kWh/sqm/year
Total delivered energy - Ústí
78 kWh/sqm/year
District heating share
48% (Liberec) · 78% (Ústí)
LED lighting
Yes - both assets
Heat-recovery ventilation
Yes - both assets
PV installed
Project started by current owner
Route from PV alone
Liberec → Class A · Ústí → Class B (~500 kWp rooftop PV)
Videos

See the Portfolio in motion.

Project Amber - Portfolio Reel Forum Liberec & Forum Ústí
Forum Ústí nad Labem - Christmas Campaign. Seasonal campaign
Forum Liberec - 2025 Reel Year-in-review
Downloads

Get the documents.

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.

Contacts

Speak with the exclusive advisors.

For further information on Project Amber, including access to the data room and management presentation, please contact the CBRE Capital Markets team.

Jakub Stanislav MRICS

Senior Director
Head of Capital Markets CZ

M: +420 735 729 410
E: jakub.stanislav@cbre.com

Chris Gardener

Managing Director
Head of European Retail

M: +44 (0)207 182 2283
E: chris.gardener@cbre.com

Vitezslav Dolezal

Director
Capital Markets CZ

M: +420 606 213 220
E: vitezslav.dolezal@cbre.com

Iulia Szabo

Senior Consultant
Capital Markets CZ

M: +420 777 478 687
E: iulia.szabo@cbre.com

Tomas Keltycka

Junior Consultant
Capital Markets CZ

M: +420 606 680 812
E: tomas.keltycka@cbre.com