News Article Generali Investments hotel investment Ljubljana Peakside Capital Advisors SEE Slovenia
by Property Forum | Investment

On behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have sold the Austria Trend hotel located in the capital of Slovenia. The buyer is Serbian company Agromarket d.o.o., Kragujevac.

The fund purchased the hotel in 2019 from the Austrian company CA Immo. The adopted business plan involved renegotiating the contract with the hotel operator and a comprehensive property renovation.

Austria Trend is a 4-star facility excellently located in the capital of Slovenia, right next to the Ljubljana ring road. The hotel offers 214 rooms and 12 apartments, as well as numerous amenities for guests including a restaurant, fitness and wellness area with saunas, a conference centre with 11 rooms, and both surface and underground parking.

Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors, emphasized: "We are pleased to announce the successful completion of the first sale in the Generali Adriatic Value Fund, marking the full realization of one of our investment projects. Following a comprehensive refurbishment and a lease extension with the current operator, the hotel has garnered significant interest from income-focused investors in the region."

The Generali Adriatic Value Fund has the status of a special investment fund and is the first regulated alternative investment fund (AIS) in the real estate market in Slovenia. Managed by Generali Investments Slovenia with the support of Peakside, the fund aims to generate rental income and increase capital through investments in commercial real estate, including office, retail, logistics, and hospitality markets in the SEE region. The fund leverages a unique combination of Peakside Capital's real estate market experience with Generali Investment's global and local knowledge of institutional real estate investment management.

In addition to the sold Austria Trend hotel, the fund's portfolio includes Tivoli Center and Stekleni Dvor – office buildings in Ljubljana, as well as Arkadia – a retail park in Domžale. The region in which the fund's assets are located was chosen by asset managers and investors due to opportunities such as above-average economic growth in the EU.