Valesco makes Slovakian real estate acquisition for South Korean investors

The Valesco Group has made its first Slovakian real estate acquisition on behalf of South Korean investors.

The London-headquartered European manager, together with AIP Asset Management, bought the newly developed fully-let Twin City Tower for €120m from HB Reavis.

The 23-storey Twin City Tower, mostly let to Amazon, is located in the Nove Nivy zone.

Shiraz Jiwa, founder and CEO of The Valesco Group, said: “This prime asset coupled with an exceptional principal tenant in Amazon in the growing core of Bratislava offers a unique and compelling investment opportunity.

“It is rare to find an alignment of macro, micro and real estate fundamentals that will together drive value over our holding period.”

Related images

  • Twin City Tower Slovakia

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Now