Wednesday, 7 January 2026
Generali Fond Realit, managed by Generali Investments CEE with advisory support from Generali Real Estate, has completed the acquisition of a portfolio of three newly developed Lidl supermarkets in the Czech Republic. The transaction was carried out in cooperation with Czech investment group Star Capital Finance (SCF) and represents the first completed deal between the two parties.
The acquired properties are located in Mníšek pod Brdy, Kutná Hora and Olomouc. Together, the three supermarkets provide a total leasable area of 6,816 sq m. Each store has been developed by Lidl and is located at established or developing retail nodes: near the D4 motorway in Mníšek pod Brdy, close to the Šipší shopping centre in Kutná Hora, and at the entrance to Olomouc along road 55.
The transaction is structured as a sale-and-leaseback. Lidl developed the properties to its operational specifications and, following completion, sold them to the fund while remaining as the long-term tenant. According to the parties involved, this structure aligns with Generali Fond Realit’s investment strategy, which focuses on income-generating assets with long-term leases.
As part of the transaction, Generali Fond Realit becomes the sole owner of the properties, while SCF takes a shareholding position in the fund. Representatives of both groups described the deal as the start of a broader cooperation in the Central and Eastern European region.
One of the acquired stores, located in Mníšek pod Brdy, incorporates elements of Lidl’s newer store concept, including updated architectural design and revised internal layouts. The remaining locations follow the retailer’s current standard format.
The acquisition further expands Generali Fond Realit’s retail portfolio in the Czech market and marks SCF’s first completed joint investment with the Generali group.
