News Article Bratislava investment JTRE Slovakia
by Property Forum | Investment

IAD Investments' Prvý realitný fond has acquired the Pribinova 19 office building, which is part of the Eurovea City waterfront district in Bratislava. It is a technologically advanced administrative and commercial building with a green park with a fountain, benches, playgrounds, and a zone for dog walkers. The price of the transaction was not published.

The building in Pribinova in Bratislava downtown that was acquired by Prvý realitný fond has one underground floor with a garage and ten above-ground floors, including a roof with technological machine rooms. The managed usable area is 31 210 sqm, the rentable area is more than 28 000 sqm and the area of the underground garage is more than 10 000 sqm with 346 parking spaces. The inner green park together with the grassy roofs makes up more than 3 300 sqm. In addition, the building meets strict environmental criteria, as evidenced by the LEED Gold certificate. It is characterized by flexible offices with high-quality air conditioning, intelligently controlled thermal comfort and well-thought-out organization of people's movement.

"The Pribinova 19 building is characterized by a strong and high-quality composition of international and domestic tenants and a location near the Eurovea shopping centre and the relaxation zone of the Danube embankment, which perfectly complements the current portfolio of office buildings in the First Real Estate Fund", says Tomáš Trebula, IAD Investments’ transaction manager.

"When choosing a location for their company, clients have several criteria, but the location will always be the number one factor. Ideally, the location should allow you to go to work on foot or by bike, go out to the park or the promenade for a meeting or lunch, shop and get everything you need on the way home from work. Employees will find all this in the Pribinova 19 building and the Eurovea City district," adds Peter Píš, JTRE's commercial director.

Financial and tax consultancy services were provided by PricewaterhouseCoopers Advisory, s.r.o., technical and environmental consultancy by Grinity s.r.o., legal consultancy by Aldertree Legal s.r.o. and transaction consulting company MiddleCap Advisory, s.r.o. Legal advice for JTRE during the entire transaction was provided by Law Firm RELEVANS s.r.o.