Sale of Tatra banka office building in Bratislava
Introducing an attractive investment opportunity in Slovakia.
Tatra banka, a member of the Raiffeisen Bank International Group and a technological leader in the banking sector in Slovakia, has decided to reflect on the latest development in global workplace trends by changing its corporate real estate strategy which currently includes disposal of one of Tatra banka's office buildings on Černyševského street no. 48 in Bratislava.
The complex known as TatraCity consists of two stand-alone office buildings complemented by a residential apartment building. The office units jointly offer approximately 16,000 sq m of leasable area together with 200 parking places. Today, the smaller eight-storey office building is being introduced on the market bringing a total leasable space of 4,000 sq m, currently used by the Tatra banka's back office teams alongside the bank´s data center. The main advantages of the TatraCity complex include attractive location on the tram route, direct connection to the inner-city highway, walking distance to the city center as well as close proximity of Janka Kráľa city park, URW’s Aupark shopping center or Danube Southbank.
“TatraCity office space on Černyševského street is very popular among our employees for its quality working environment and for an easy and convenient accessibility from the majority of Bratislava city districts. However, the banking business and its requirements in regard to the office space evolve naturally. At Tatra banka we closely monitor the latest workplace trends and the consequences of Covid-19 pandemic only ensured us that changing our office space operational strategy is the right step forward. We will therefore be very glad if one of our office buildings finds a new owner,” says Natália Major, Tatra banka Board Member.
The exclusive sale mandate was assigned to Capital Markets team at real estate consultancy firm JLL, which in the past was active in the office investment transactions of Quadro, Lakeside Park and Aupark Tower office buildings in Bratislava.
“One of the main advantages of Černyševského 48 is an efficient and simple floor plan with interesting options of flexible space division, which opens up several possibilities for future owner. At the same time, it is an ideal investment opportunity for a wide range of potential bidders – from classic office landlords, to end-occupiers, to IT companies benefiting from a unique location in relation to optical cables routing, to smaller or medium-sized developers, respectively construction companies focusing on the reconstruction and change of the current use of the building,” explains Rudolf Nemec, Head of Capital Markets at JLL.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.