KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund (AIF) in Slovenia managed by KD Funds, in partnership with Peakside Capital, has completed the acquisition of the Arkadia shopping centre in Domzale for €16.2m. The purchase will be the third acquisition undertaken by the fund following the purchase of the Tivoli Centre office building and the south wing of the Stekleni dvor office complex in Ljubljana taking the total consideration invested since April 2018 to €41.9m.
Located at Virska cesta 21 in Dob pri Domzalah, the Arkadia shopping centre is conveniently situated for access to the Ljubljana–Maribor motorway. Comprising 19 shop units, providing over 11,000m² of leasable space and 350 parking spaces, the centre is fully let to a range of tenants including multinationals such as Spar, Muller, C&A and Hervis.
Commenting on behalf of KD Funds, Luka Podlogar said: ”With the acquisition of the Arkadia shopping centre, the fund is strengthening its core business and expanding its real estate investment portfolio. This is in line with our strategy of offering SEE real estate as an investable asset for institutional investors.”
Commenting on behalf of Peakside Capital, Tomasz Niezgodzki said: “With its strategic location and strong tenant line up, this asset will complement the income profile of our other investments whilst providing sector diversification.”
