Caerus IM acquires the “Cubus” office building in Bratislava Slovakia from Savills IM on behalf of a private separate account client
Prague, 20th April 2016 – Caerus Investment Management on behalf of a private separate account client has advised and structured the acquisition of the “Cubus” office building located in the centre of Bratislava. The Property was acquired for an undisclosed price from Frankfurt-based real estate investment company Savills Fund Management GmbH, part of Savills Investment Management on behalf of one its mutual open-ended real estate funds.
Known as “Cubus”, the property is a modern class A, multi-tenanted, ten-storey office building and is currently the headquarters of DELL Computers in Central Eastern Europe (CEE). A location from which DELL not only service their European markets but also their US-wide back-office operations. The building has excellent visibility due to its recognisable glass facade and elevated position and is situated in the city center of Bratislava 1 adjacent to the Slovak National Bank.
Christopher Millen, Managing Director at Caerus Investment Management said: “This is a great acquisition for both Caerus and our client demonstrating once again, our ability to act decisively on quality opportunities in the market. The highly specified original construction quality, location and multi-tenanted profile underpin what is a great investment and timely transaction for both parties. As was committed to the seller at the start of the process, Caerus concluded the acquisition swiftly in under 8 weeks from signed LOI to settlement, while still ensuring that the transaction was subject to rigorous due diligence and negotiation”.
Wilson & Partners and TPA Horwath (SK) acted as legal and tax advisors to the purchaser, while Giese & Partner and PwC (SK) acted in the same capacity for the seller.
