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Meyer Bergman acquires Fashion Arena Outlet Center in Prague



The selling price for the outlet centre amounts to €71.5 million, which results in a minor profit relative to the carrying amount
TK Development has developed and managed the Fashion Arena Outlet Center together with LMS Outlets Limited. TK Development’s ownership interest in the outlet centre represents 75 %. The Fashion Arena Outlet Center was a two-phase development, with the first phase of 18,000 m² opening in November 2007 and the second of 7,000 m² opening in October 2010. 


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