(Bratislava 11 March 2014) The year 2014 has started with marked improvement of investment activity by institutional investors. The first significant investment transaction in the commercial real estate sector this year is the sale of three buildings of the City Business Center III – V office complex. They have been bought into its Real Estate Fund by the Tatra Asset Management company, which has been represented in the purchasing process by the international consulting company Colliers International.
The City Business Center III – V administrative complex in Bratislava will change its owner. The Real Estate Fund of the Tatra Asset Management company has become the new owner of three office buildings with the total rentable area of 25,000 m2. The developer and seller of the administrative complex is the company HB Reavis. “This significant transaction is the first major investor activity on our market this year. But we have recorded more signals that, during the year, it is possible to expect further growth in the volume of investments in Slovakia” states Ermanno Boeris, Director of the consulting company Colliers International, which represented the new owner of the buildings – Tatra Asset Management – in the sale process.
Colliers International provided Tatra Asset Management with comprehensive services in general business consulting during the whole transaction, including securing due diligence.
The City Business Center III – V consists of two seven-storey buildings and one thirteen-storey building. The complex has been long-term rented by tenants such as Swiss Re, Johnson&Johnson, Sygic, Schneider Electric, HB Reavis, and others.