Czech open-ended fund buys Bratislava office building

08
Feb
2017
News - Czech open-ended fund buys Bratislava office building #Bratislava #Czech Republic #investment #office #Slovakia

by Ákos Budai | Investment

ČS Real Estate fund, the largest and oldest Czech open-ended property fund, managed by REICO, has acquired the Park One office building in Bratislava for €35.6 million from private investment firm Falcon II Fund. 

The transaction took the form of a transfer of 100% of the shares in the real estate companies that owned the property. One Park is located on Námestie 1. Mája in the Slovak capital’s city centre. The 13-storey building (with 3 underground levels) comprises 13,200 sqm of office space and 167 parking spaces. It is currently fully let, key tenants include Amazon, Zurich Insurance Company, L’Oréal and CBRE. 
 
The fund now owns eleven buildings in the Czech Republic and Slovakia, with an estimated value of €450 million. Park One was built in 2007 and designed by the SIAL architectural studio founded by Karel Hubáček. REICO is the real estate investment arm of České spořitelny bank which is part of Erste Group

Bratislava Czech Republic investment office Slovakia


Latest news


New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


Latest news

News - Big Poland acquires Power Park Kielce retail centre
30
Apr
2026

Big Poland acquires Power Park Kielce retail centre

by Property Forum
Big Poland has acquired Power Park Kielce, one of the city's retail destinations, strengthening its position in the Polish retail park market and expanding its presence to the capital of the Świętokrzyskie region.
Read more >
News - GTC rental revenue up 8% in 2025
30
Apr
2026

GTC rental revenue up 8% in 2025

by Property Forum
GTC reported rental revenues of €202 million for 2025, up 8% from the previous year, while maintaining an 87% occupancy rate across its commercial portfolio.
Read more >
News - Bucharest hotels see strongest CEE revenue growth in 2025
30
Apr
2026

Bucharest hotels see strongest CEE revenue growth in 2025

by Property Forum
Bucharest's hotel market recorded the strongest performance in CEE in 2025, with revenue per available room (RevPAR) increasing by 12% year-on-year, according to analysis by Cushman & Wakefield.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy