KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund (AIF) in Slovenia, managed by KD Funds in partnership with Peakside Capital, has finalised the acquisition of the Austria Trend Hotel in Ljubljana. This transaction represents the fourth commercial real estate acquisition in Slovenia by the KD Adriatic Value Fund, with the first acquisition completed in April 2018.
Located in the Slovenian capital of Ljubljana, Austria Trend Hotel offers 214 rooms and its amenities include a restaurant, spa and wellness centre, with sauna and gym, as well as 11 conference rooms. The hotel is conveniently positioned in the immediate vicinity of the Ljubljana ring road, with motorway access and excellent transport connectivity.
The investment objective of KD Adriatic Value Fund is to generate returns for investors from rental income and capital growth through investments in real estate in Slovenia, Croatia and Serbia, with a special focus on office and retail properties. The three target countries offer a relatively undeveloped real estate sector and attractive returns, whilst the long-term success of the fund is further supported by strong economic growth in the region.
Luka Podlogar of KD Funds said: “With the acquisition of the Austria Trend Hotel, KD Adriatic Value Fund is strengthening its core business and expanding its real estate investment portfolio to include the hospitality sector. This is in line with our strategy of offering SEE real estate as an attractive asset for institutional investors.”