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Allianz buys Bratislava Centrál for EUR 175 mln

Nathan North 18 January 2016

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

Allianz buys Bratislava Centrál for EUR 175 mln
The 40,000 sqm shopping centre was opened in 2012

SLOVAKIA Allianz Real Estate has acquired 100 pct of the company that owns the Centrál shopping centre in Bratislava for EUR 175 mln.

The seller is a subsidiary of local investor Immocap Group. Centrál, which was opened in the city centre in 2012, comprises 40,000 sqm of leasable space, including a 2,300 sqm gym, 2,500 sqm of catering tenants and 31,500 sqm of retail. The brands in the mall include Armani, Diesel, Gant, LʹOccitane, Mango, New Yorker and the different brands of the Inditex Group. It also has a three-level underground car park for 1,300 vehicles. The joint-developer and property manager is ECE Projektmanagement. This is Allianzʹs first investment in the Slovakian market. JLL's investment and advisory team advised Allianz on the acquisition.

“Our investment in the Centrál shopping centre is again an important step towards the further diversification of Allianzʹs real estate portfolio and to expand our investment in retail assets,” said Annette Kröger, the CEO of Allianz Real Estate Germany. “At the same time it is an attractive opportunity to get exposure to the Slovakian market.”


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