News Article Bratislava investment retail Slovakia Wood&Co
by Property Forum | Investment

Real Estate fund AUP Bratislava, whose only asset is the well-known shopping centre Aupark Bratislava, has reported a return of 23.67% in the euro class since its establishment in 2021.

Aupark shopping centre is known for its strategic location, sustainable operation, modern premises and a suitable combination of tenants, including premium brands. It offers 231 units for rent. Neither the pandemic nor inflation significantly affected the occupancy of the shopping centre, which remains at 98%.

Financial and investment group WOOD&Company, together with joint venture partner Tatra Asset Management, bought a majority stake in Aupark from Unibail-Rodamco-Westfield in 2021. At that time, it was the largest single-asset real estate acquisition in Slovakia with a total value of €450 million.

The acquisition of the shopping centre was planned for three tranches. In the first, investors obtained a 60 per cent share, which in 2022, according to the agreed conditions, increased to 87%. The last tranche and completion of the purchase are planned for this year.

Over the last 12 months, the sub-fund delivered to its investors returns of 9.48% in the euro class.

The opening of the Aupark expansion is scheduled to take place in the fall of 2024. The result will be an increase in the commercial area of ​​the shopping centre by 6,000 sqm. In Aupark, the EL&N London cafe will present its first operation on the Slovak market this year. It has a strong position on social networks thanks to targeting the young generation and the attractive interior design of the premises.

At the end of the summer, a green facade with an area of ​​approximately 600 m2 with almost 40,000 plants is planned. The construction consists not only of steel elements but also of refurbished aluminium frames and glasses from the original facade.