London-based private equity real estate firm Caerus Investment Management has advised and structured the acquisition of the Cubus office building located in the centre of Bratislava on behalf of a private separate account client.
The property was acquired for an undisclosed price from Frankfurt-based real estate investment company Savills Fund Management, part of Savills Investment Management, acting on behalf of one its mutual open-ended real estate funds.
Known as Cubus, the 10-storey office asset is multi-tenanted and currently houses the headquarters of Dell Computers in Central Eastern Europe.
'This is a great acquisition for both Caerus and our client demonstrating once again, our ability to act decisively on quality opportunities in the market,' said Christopher Millen, managing director of Caerus Investment Management. 'As was committed to the seller at the start of the process, Caerus concluded the acquisition swiftly in under eight weeks from signed letter of intent to settlement, while still ensuring that the transaction was subject to rigorous due diligence and negotiation.'
Wilson & Partners and TPA Horwath (SK) acted as legal and tax advisors to the purchaser, while Giese & Partner and PwC (SK) acted in the same capacity for the seller.
