KD Adriatic Value Fund, managed by KD Funds, in partnership with Peakside Capital, has acquired the south tower of the Stekleni dvor office complex for €12.7m. Situated on Dunajska street in the Bezigrad district of northern Ljubljana, Stekleni dvor comprises two separate office buildings connected by a joint underground car park. The south tower provides 8,700m² of leasable space over the ground, mezzanine and eight floors together with a three-level underground car park. The anchor tenant in the property is Addiko Bank. The transaction represents the fund’s second investment in Ljubljana, following the €13m purchase of Tivoli Center, which closed in April.
Commenting on behalf of the KD Funds, Luka Podlogar, said: ”We are pleased to have concluded our second transaction so quickly and look forward to growing the fund with further compelling investment opportunities over the coming months. We are on track to create a high-quality real estate portfolio that offers attractive returns to our investors.”
Commenting on behalf of the Peakside, Tomasz Niezgodzki, said: ”This is an excellent, high-quality office building, located in an area of Ljubljana which benefits from strong transport links and proximity to the city centre. The office market in Ljubljana is very attractive for investors thanks to growing tenant demand and a limited supply of institutional quality space.”
