Investment group Natland has bought the Bajkalská office project in Bratislava from Prvá stavebná sporiteľňa (PSS) for an undisclosed price.
The building offers approximately 11,000 sqm of usable space and currently achieves over 60% occupancy with valid lease agreements. The Mlynské nivy area is one of the most dynamically developing parts of the Slovak capital, with planned urban and commercial development making it an active part of the Central Business District.
"The decision to sell the building is part of our long-term strategy. The building on Bajkalská street served PSS for more than thirty years and no longer meets our requirements for modern working environment," said Redouane Sedrati, Board Member of PSS.
The acquisition fits Natland's strategy of strengthening its real estate portfolio while seeking assets with modernisation and long-term appreciation potential. "This transaction represents a combination of stable yield and development potential. We plan to revitalise the building and adapt it to current requirements for modern office space, including optimising the tenant mix and investing in increased energy efficiency," said Tomáš Balvín, Investment Manager at Natland responsible for real estate investments.
Natland considers Slovakia a strategic market with long-term investment potential and is currently monitoring more than ten additional opportunities in real estate and other sectors. The group has made several Slovak investments recently, including a joint venture with Wood&Co for the VIVO! shopping centre and myhive administrative buildings in Bratislava, plus land consolidation projects totalling over 326 hectares near Bratislava.
