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 finalised the acquisition of the Austria Trend Hotel from CA Immo. This transaction represents the fourth commercial real estate acquisition in Slovenia by the KD Adriatic Value Fund, with the first acquisition completing in April 2018. The purchase price was not disclosed.
Located in Ljubljana, Austria Trend Hotel offers 214 rooms and its amenities include a restaurant, spa and wellness centre, with sauna and gym, as well as 11 conference rooms. The hotel is conveniently positioned in the immediate vicinity of the Ljubljana ring road, with motorway access and excellent transport connectivity.
Luka Podlogar of KD Funds said: “With the acquisition of the Austria Trend Hotel, KD Adriatic Value Fund is strengthening its core business and expanding its real estate investment portfolio to include the hospitality sector. This is in line with our strategy of offering SEE real estate as an attractive asset for institutional investors.”
Tomasz Niezgodzki, Peakside Capital, said: “The hotel is well recognised by tourists and business guests in Ljubljana. With its excellent location, visibility and building structure it has great potential for further growth together with the whole Slovenian hospitality sector. We are pleased with the four initial investments we have secured on behalf of the Fund, and the speed at which we have managed to deploy capital.”
