Central will change hands

BRATISLAVA’S shopping centre Central has a new investor.

(Source: Courtesy of Central)

Allianz Real Estate company acquired 100-percent stock in the centre from development company Immocap Group in late 2015 for €175 million, which makes it the biggest transaction in Slovakia’s real estate sector in the past year.

The acquisition was advised by JLL Slovak Capital Markets & Advisory team, which acted on behalf of Allianz Real Estate.

“The acquisition of Central shopping centre underlines continuous attractiveness and increased interest in the Bratislava real estate market,” Miroslav Barnáš, managing director and Head of Capital Markets at JLL Slovakia. “We are extremely proud we could participate in this landmark transaction which represents one of the biggest real estate deals in recent history.”

Central was opened in October 2012 and is composed of more than 150 retail shops with a total rentable size of 40,000 square metres. It received the silver certification granted by the Leadership in Energy and Environmental Design (LEED) certification programme in 2014, thus becoming the first “green” multifunctional complex in Slovakia. The project also became the best retail project in central and eastern Europe within the Europa Retail Real Estate Awards event, and was awarded as the development project of the year.

“We built Central as a modern and sustainable shopping centre of the 21st century and together with our partners in ECE we created a place where people like spending their time,” said Peter Lukeš, chair of the board of directors in Immocap Group, as quoted in the press release.

He added they are glad that in Allianz Real Estate the centre obtained a strong and respected partner that may bring further development and prosperity to the shopping centre.

Get daily Slovak news directly to your inbox

Theme: Real Estate

Read more articles by the topic

Top stories

News digest: Who is ready for a vaccine in Slovakia

Vlhová won again. Boris Kollár is at home and will meet coalition partners to discuss GP vote. Justice Minister shows a new map.

Illustrative stock photo

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

From COVID-19 miracle to apparent resignation to death and dying

The natural reflex of all failed politicians – and their uncritical fan clubs – is to point to cultural or geographical differences between “us” and “them”.

The COVID-19 ward in the University Hospital Martin