WOOD & Co opens shopping centre extension in Bratislava

30
Oct
2024
News - WOOD & Co opens shopping centre extension in Bratislava #Bratislava #investment #LIKO-S #retail #Slovakia #Unibail-Rodamco-Westfield #WOOD & Company

by Property Forum | Retail

WOOD & Company has announced the completion of the acquisition process of the Aupark Bratislava shopping centre. At the same time, it has invested in its expansion with the public opening last week.


The transaction, announced in 2021 was designated as Slovakia’s largest single-asset real estate acquisition with a total value of €450 million and was implemented exactly according to plan. WOOD & Company and its joint venture partner Tatra Asset Management (TAM) became the sole shareholders of Aupark Bratislava, with WOOD & Company holding the majority share. Unibail-Rodamco-Westfield (URW) thus ended its shareholder activity in the shopping centre and completed the sale of its last asset in Slovakia.

The extension of Aupark, the fourth in a row, includes 9,999 sqm of gross floor area, of which 7,756 sqm are intended for new retail units, including brands such as RESERVED (2,400 sqm) and Zara (3,860 sqm), which opened their most modern stores in Slovakia here.

The sustainable solutions include the green facade, the largest of this kind not only in Slovakia but also in the Czech Republic with an area of more than 600 sqm and 35,000 plants of various species. The green facade from LIKO-S will capture approximately 1050 kg of CO2 annually and improve the microclimate around the building. A side path will also connect to the greenery, on which a "meadow" will grow so that the path merges with the green facade. It will be planted in an eco-forest, allowing rainwater to be collected. 

Works began in the spring of 2023 with the demolition of the parking lot, and the main construction phase started in August 2023. The entire project was completed in October 2024.

The building has technologies for managing air conditioning, cooling and optimising energy consumption. To save operating costs, it takes over part of the cooling from the original Aupark. A photovoltaic power plant with an output of 150 kWp on the roof of the building contributes to energy efficiency. The Aupark SC also received an energy certificate with the value A for total energy consumption and A0+ for primary energy consumption – i.e. the highest energy efficiency within the certificate.

WOOD & Company manages investment assets worth €4.5 billion and trades on stock exchanges with a turnover of approximately €30 billion. WOOD Real Estate manages commercial real estate in Prague, Bratislava and Warsaw. The portfolio includes 16 projects with more than 364,000 sqm of leasable area. The most important real estate assets include the Aupark shopping centre and the Aupark Tower office building in Bratislava, the Harfa Gallery in Prague and the Astrum Business Park office building in Warsaw.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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