Twin City in Bratislava is currently the biggest regeneration project in Central Europe.
International real estate developer HB Reavis has sold Twin City A, a modern office building located in close proximity to Bratislava city centre in Slovakia, to Prvy Realitny Fond, managed by IAD Investments with a transaction yield of 6,5%.
The transaction is a reflection of the building’s prime location, as well as the strength of its current tenants. The building, located in the dynamic Mlynske Nivy business district of Bratislava, was completed in 2015 and offers approximately 16,500m² of leasable space, which is now fully let to a number of prestigious tenants, including: Pwc, Merck Sharp & Dohme, Bayer, BNP Paribas Slovensko and Sfera.
“The acquisition of Twin City A has strong potential to deliver stable revenues from long term leases and thus contribute to the improvement of the diversification of the fond’s portfolio. Twin City is located in a new emerging business district and its acquisition confirms our fund’s strategic aim to invest in prime office schemes in excellent locations,” says Vladimír Bolek, Fund Portfolio Manager of IAD Investments.
