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29 May, 2023

Pribinova 19 was acquired by the Prvý realitný fond managed by IAD Investments


Prvý realitný fond (The First Real Estate Fund) acquired the Pribinova 19 office building, which is part of the Eurovea City waterfront district in Bratislava. It is a technologically advanced administrative and commercial building of the latest generation with a green park with a fountain, benches, playgrounds and a zone for dog walkers.   

The building has one underground floor with a garage and ten above-ground floors, including a roof with technological machine rooms. The rentable area is more than 28 000 m2 and the underground garage offers 346 parking spaces. The inner green park together with the grassy roofs make up more than 3 300 m2. In addition, the building meets strict environmental criteria, as evidenced by the LEED Gold certificate. It is characterized by flexible offices with high-quality air conditioning, intelligently controlled thermal comfort and well-thought-out organization of people's movement.

"The Pribinova 19 building is characterized by a strong and high-quality composition of international and domestic tenants and an excellent location near the Eurovea shopping center and the relaxation zone of the Danube embankment, which perfectly complements the current portfolio of office buildings in the First Real Estate Fund."

Tomáš Trebula, IAD Investments’ transaction manager

"When choosing a location for their company, clients have several criteria, but the location will always be the number one factor. Ideally, the location should be one that allows you to go to work on foot or by bike, go out to the park or the promenade for a meeting or lunch, shop and get everything you need on the way home from work. Employees will find all this in the Pribinova 19 building and in the Eurovea City district."

Peter Píš, JTRE's commercial director

Financial and tax consultancy services were provided by PricewaterhouseCoopers Advisory, s.r.o., technical and environmental consultancy by Grinity s.r.o., legal consultancy by Aldertree legal s.r.o. and transaction consulting company MiddleCap Advisory, s.r.o. "We thank our partners in the field of legal, financial, tax and technical-environmental consulting services for the cooperation, and last but not least, we thank the seller's team, the JTRE company, for their excellent communication and friendliness," adds T. Trebula. Legal advice for JTRE during the entire transaction was provided by Law Firm RELEVANS s.r.o.

IAD Investments is the oldest Slovak asset management company operating on the Slovak capital market since 1991. As part of its European operations, it manages assets worth more than 1,88 billion EUR, mainly in Slovakia, the Czech Republic, Hungary, and Poland. It currently manages 16 mutual funds and offers its investors individual asset management and savings programs. IAD Investments, a.s. is part of investment group Pro Partners Holding, a.s., which operates mainly in the private equity, real estate, and finance sectors in the countries of Central and Eastern Europe.