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Amazon has a New Landlord at Park One
1 month ago,

Amazon has a New Landlord at Park One

Reality Trend reported that Park One, the fully occupied administrative building at the corner of 1. Máj Square and Kollárovo Square in the centre of Bratislava, was sold by its Luxembourgian owner for €35.6M to the ČS real-estate fund administered by the investment company, Reico of Česká sporiteľňa.

Park One is the registered office of significant international companies such as Amazon, the Zurich Insurance Group, L’Oreál and CBRE (a real-estate consulting company which represented the previous owner, the Falcon II Fund.) The developer invested €22M into the 9-floor administrative building which was opened in 2007 with a rentable area of 13,200 square metres and a 4 level underground garage with 167 parking places.

Marián Mlynárik, the head of the real-estate investment department at CBRE told Reality Trend, “We were pleased to be involved in the sale of this premium administrative building in the centre of Bratislava. This real-estate offers good perspective and long term income potential.”

Václav Kubáček, the head of acquisitions at the real-estate department of Reico IS ČS told Reality Trend that, “The building at Park One is an important addition to the Slovak portfolio of the ČS property fund.” The fund was established in 2007 and is the biggest and oldest real-estate fund of its kind in the Czech Republic, with more than 50,000 shareholders at the close of 2016.

Photo: Vladimir Simicek, SME

 


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