Wood & Co. acquires BBC5 in Bratislava from Heitman
Wood & Company has acquired the BBC5 office building on in Bratislava from Heitman Real Estate Fund on behalf of a high-yield fund it manages. The deal is the second this year between the two companies, as Wood & Co. bought Aupark Tower in Bratislava, earning it the title Best Investment Transactions at this year's CIJ Awards Slovakia. The deal underlines the growing strength and influence of 'local' capital in the CEE region. "Some ten years ago, several foreign real estate funds came to Slovakia and now their tenure is coming to an end. That is why we have created our fund and we have been very careful to select the most established assets where above-average yield is expected even when the market is flooded with new buildings. Our aim is long-term commitment and professional management of premium office buildings," explains Martin Šmigura, director of Wood & Company.
BBC5 is a 35,000 sqm office building divided into three blocks, which has a tenant list that includes. Accenture, Millenium and Bartošík Šváby.