CEE-focused investment bank Wood & Company has acquired the Bratislava Business Center 1 (BBC 1) and 1 Plus office buildings from CA Immo, allowing the Vienna-based investor to exit Slovakia.
Financial details were not disclosed.
The office complex comprises a rentable area of around 25,500 m2 and is located centrally, in the Bratislava Business District. BBC 1 Plus was constructed as an extension with a connection to the existing BBC 1 in 2012, offering a rentable area of some 15,900 m2 on 13 upper floors and one underground parking floor. The property has received a LEED Gold sustainability certification.
Located directly on the main traffic artery of Prievozská Street, BBC 1 is well connected to the historic city centre, as well as to Bratislava Airport.
According to CA Immo, the sale of BBC 1 marks the company's exit from Slovakia, considered a 'non-core' market. The transaction is in line with CA Immo’s strategic capital rotation programme, seeking to divest specific assets outside key investment markets.
The proceeds of the sale will be reinvested into value-accretive investments, including the continued build out of the prime development pipeline, as well as external acquisitions. Over the past three years, CA Immo has completed its exit from Slovenia, Bulgaria, Russia, Ukraine and Croatia, as well as the exit from all the secondary cities in Hungary, Romania and Poland.
Broker JLL and law firm Cerha Hempel Rechtsanwälte advised CA Immo on the disposal.
