Tatra Bank has hired agent JLL to sell an office building in Bratislava under a sale-and-leaseback structure. The property, located near the city centre, is part of the TatraCity complex providing 16,000 m2 of leasable area across two stand-alone office buildings complemented by a residential apartment building.
For now, JLL is marketing one of the two buildings, currently used by the bank's back office teams alongside the bank's data centre.
'At Tatra Bank we closely monitor the latest workplace trends and the consequences of the Covid-19 pandemic only ensured us that changing our office space operational strategy is the right step forward. We will therefore be very glad if one of our office buildings finds a new owner,' said Natália Major, Tatra Bank‘s board member.
JLL’s head of capital markets for Slovakia Rudolf Nemec who is in charge of the process said that the asset will be marketed through an open-market process, with anyone invited to bidding.
‘We have healthy pricing expectations for the asset,’ he told PropertyEU. 'One of the main advantages of Cernyševského 48 is an efficient and simple floor plan with interesting options of flexible space division, which opens up several possibilities for a future owner.
'At the same time, it is an ideal investment opportunity for a wide range of potential bidders – from classic office landlords, to end-occupiers, to IT companies benefiting from a unique location in relation to optical cables routing, to smaller or medium-sized developers, respectively construction companies focusing on the reconstruction and change of the current use of the building,' he commented.
