The Slovak real estate developer, KLM Real Estate, has successfully sold a portion of its retail park portfolio to Patria Investment Company, whose sole shareholder is ČSOB. For Patria, this is the third acquisition of the year for the ČSOB Nemovitostní mutual fund, which will open to clients next year—first in the Czech Republic. The transaction includes five retail parks across Slovakia and Czechia.
Retail parks in Zvolen, Bytča, Humpolec, and Lipník nad Bečvou offer more than 30,700 square meters of fully leased retail space with well-known tenants. These parks rank among the highest quality Class A properties, meeting strict energy standards and incorporating sustainability technologies such as green roofs, heat pumps, and preparations for photovoltaic power stations. OC Klokan Zvolen is the largest retail park in Slovakia, setting a new benchmark for long-term sustainability standards.
The seller was represented in the transaction by the international advisory firm CBRE and the law firm AK Novák.
"We are pleased to have acquired assets in this attractive real estate segment from a renowned developer, complete with high-quality tenants, which will allow us to further diversify our expanding real estate portfolio. Our further expansion in the Slovak market broadens our presence in the region, and we believe that we will soon enter other foreign markets," stated Nina Kozáková, Chairwoman of the Board of Patria Investment Company.
"The sale of a portion of the Klokan retail park portfolio to Patria aligns with our growth strategy and enables us to acquire additional land for future development in both Slovakia and Czechia. We are pleased that, after months of very transparent negotiations, we are selling our eco-focused retail centers to a strong investor like Patria, which confirms the high attractiveness of retail parks for investors," said Rastislav Čačko and Michal Kozáček, co-owners of KLM Real Estate.
"This transaction confirms the liquidity and quality of retail parks developed by KLM Real Estate, which are attracting institutional investors. We are pleased to have brought a new investor to the Slovak retail sector in the form of retail parks, which, in terms of profitability, are increasingly comparable to shopping centers."
