WOOD & Co Real Estate SICAV Fund has acquired Lakeside Park 02
March 2023 — WOOD & Co Real Estate SICAV Fund, the leading investment bank in CEE, has acquired the remaining 50% stake in Lakeside Park 02 after a successful joint venture development from the Slovak real estate developer Immocap, a.s.
WOOD & Company Real Estate is the market leader in the commercial real estate segment in the Czech Republic and Slovakia, with more than 355,000 sqm of leasable property. In addition to operating in the Czech Republic, where it manages the administrative buildings Hadovka Office Park, Harfa Office Park, Greenpoint and The Greenline, as well as the shopping centers Galerie Harfa and Centrum Krakov, WOOD & Company Real Estate is also building successfully its Slovak portfolio, with the Westend Tower, Aupark Tower, Lakeside Park 01, BBC 5 and BBC 1 office buildings, as well as the Aupark Bratislava shopping center. In 2022, WOOD & Company Real Estate successfully entered the Polish real estate market with the acquisition of Astrum Business Park in Warsaw.
Lakeside Park 02 is the continuation of the already successful Lakeside Park office complex located on the Tomasikova street in Bratislavan (Slovakia). The completion of Lakeside Park 02 in 2022 brought an additional 14,300 sqm of A+ grade leasable area to the market. Lakeside Park 02 is a technologically advanced office building that offers tenants an extraordinary level of comfort, a pleasant environment and an accessible location. In addition to holding a LEED Gold certificate, the project won two awards in the prestigious CIJ Awards – Best office development and Best new office tenant lease transaction.
Immocap is a Slovak real estate developer with a 27-year history of developing commercial and residential properties in Bratislava.
Our role in the transaction
Oaklins’ team in Slovakia advised WOOD & Co Real Estate SICAV Fund on the acquisition.
Talk to the deal team
Related deals
Terhills Resort by Center Parcs has been acquired by TwentyTwo Real Estate
Terhills Resort, a premium resort in Belgium combining luxury and nature located near Hoge Kempen National Park and operated by Center Parcs, has been sold by venture capitalist LRM to TwentyTwo Real Estate, an independent real estate investor and operator. Both the real estate and the operations were included in the transaction, and Center Parcs is staying on board as an operational partner.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn moreNative Communities has been acquired by Greystar Real Estate Partners
Build-to-rent landlord Greystar Real Estate Partners has acquired Native Communities, a living sector and mixed-use management company, from Ares Real Estate. This acquisition strengthens Greystar’s third-party property management capabilities, accelerating its strategy to scale operations across key European markets. The combined business is uniquely positioned to support clients from single assets to complex, multi-country portfolios.
Learn more