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.
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