Effective from April 2017, JLL is the property manager for Building A of the Twin City office complex in Bratislava, Slovakia. The property is situated in the newly-established business district in the Bratislava city centre, in close proximity to the Main Bus Station Mlynské Nivy.
IAD Investments, the oldest Slovak asset management company, acquired Twin City A at the end of 2016. Within its European operation IAD Investments manages assets in Slovakia, Czech Republic and Slovenia with a total value of €650 million. In 2016, Prvý realitný fond (Real estate fund) managed by IAD Investments extended its real estate portfolio with several purchases – in Slovakia with the acquisition of the Laugaricio shopping centre in Trenčín.
Developed by HB Reavis and sold to Prvý realitný fund
in 2016, Twin City A offers over 16,000 sqm of leasable office space, which is currently occupied by leading Slovak and international companies such as PWC, Merck Sharp & Dohme, BNP Paribas, Bayer, or Sfera.
JLL Property Management team has been operating on the Slovak market for 10 years and with this newest acquisition they manage app. 250,000 sqm of leasable space with a total capital value exceeding €377 million.