Shopping centre Letňany

OC Letňany is the largest Prague super-regional shopping centre by total area at Veselská 663 in the Letňany district of northern Prague 9, opened in 2008 with the 125,000-sqm super-regional format spanning approximately 230 retail and service units. The property is owned by Union Investment Real Estate through the German fund manager Union Investment via the Luxembourg-based VGV Property Investment subsidiary following the 2016 acquisition from the British grocery retailer Tesco for approximately €200 million, positioning the asset as the principal Union Investment Czech anchor within the broader European real estate fund portfolio.

The format combines the Albert hypermarket grocery anchor with the principal international and Czech vertical fashion register featuring H&M, Reserved, Cropp, Sinsay, the Inditex Zara, Pull&Bear, Bershka, and Stradivarius flagship presence, and the broader European fashion programming. The Cinema City multi-screen multiplex anchor, the IKEA Letňany store positioned adjacent to the property, the Sportisimo athletic anchor, the Datart consumer electronics flagship, the Smyk children’s specialty, the dedicated dining circuit and broader food court, the Sephora and Douglas premium beauty positions, and the family-and-entertainment programming complete the contemporary Czech super-regional offer.

The catchment combines the dense northern Prague residential demographic of the Letňany, Prosek, and Kbely panel-housing districts with the broader Prague metropolitan concentration of approximately 1.31 million city residents and 2.7 million metropolitan residents. Direct accessibility includes the Letňany metro terminus immediate adjacency as the northern terminus of the Prague metro Line C, the principal D8 motorway access from the German border corridor, the integrated bus station serving the northern Prague satellite settlements, the dedicated parking infrastructure for approximately 4,000 vehicles, and the broader Prague public transport integration positioning the property as a key northern Prague gateway.

Union Investment coordinates the property management of OC Letňany within its broader European commercial real estate portfolio, with the property recognised as one of the most important trophy retail properties in the Central European context alongside Metropole Zličín, Westfield Chodov, Nový Smíchov, and Palladium. The asset’s commercial role within the Czech retail map is the principal northern Prague super-regional destination as the largest shopping centre in the Czech Republic by total leasable area, complementing rather than competing with the 102,000-sqm Westfield Chodov URW southern Prague flagship, the 92,000-sqm Westfield Černý Most URW eastern Prague regional, the 63,000-sqm Metropole Zličín URW western Prague regional, and the broader Prague metropolitan retail register.