Effective from April 2017, international advisory firm JLL is the Property Manager for building A of the prestigious Twin City office complex in Bratislava, Slovakia. The property is situated in the newly-established business district in the Bratislava city center with the close proximity to the Main Bus Station Mlynské Nivy and next to the important junction of the streets Karadžičova and Mlynské Nivy.
IAD Investments, the oldest Slovak asset management company, acquired the Twin City A at the end of 2016. Within its European operation IAD Investments manages assets in Slovakia, Czech Republic and Slovenia with the total value of 650 mil. Eur. In 2016, Prvý realitný fond (Real estate fund) managed by IAD Investments extended its real estate portfolio with several purchases – in Slovakia with purchase of the Laugaricio shopping center in Trenčín.
“One of the strategic goals of our Prvý realitný fond is investing in prime office assets situated in a prime location. The next step is securing continuous capital value maximization of our portfolio and that is directly linked to the professional property management services. This is why we decided to rely on leaders in the industry in Slovakia – team at JLL,” added Vladimír Bolek, Portfolio manager of Prvý realitný fond and IAD Investments Board member.
IAD's flagship office project Twin City A is a part of the newly delivered modern office complex Twin City in Bratislava, one of its kind in Slovakia. Twin City A offers over 16,000 sq m of leasable office space, which is currently occupied by leading Slovak and international companies such as PWC, Merck Sharp & Dohme, BNP Paribas, Bayer, or Sfera.
The JLL's prime asset property management scope of work includes smooth takeover of the property, retaining excellent relationships with the existing tenants and also implementation of innovative processes and solutions. JLL team is also responsible for overseeing the building's technical, operational, administrative, financial as well as marketing aspects. Specifically, the job includes accounting and financial services, reporting and budgeting, service charge management, leasing of the vacant premises and coordination of facility management and marketing activities.
„Responsible property management, individual approach and implementation of innovative solutions ensure a large scale of savings and significant decrease of service charge and operational costs to the property owner. I am certain that our experience, local knowledge and hands on approach will contribute to the scheme's success and value maximization,“ adds Filip Polomský, Head of Property Management JLL Slovakia.
About IAD Investments, správ. spol., a. s., is the oldest Slovak asset management company since 1991 and has been operating in the Central European countries Slovakia, Czech Republic and Slovenia. Within its European operation IAD Investments manages assets in value of 650 million EUR. IAD Investments clients are investors from many European countries. Financial products sale is realised in cooperation with the financial intermediary maximization's network and the major international financial institutions such as MetLife, Aegon, Allianz, Wüstenrot, Generali and Adriatic Slovenica. Since 2007, the company made 3 significant acquisitions of the management companies - OTP Asset Management (2007), KD Investments (2009), Allianz Asset Management (2011) and Alico Funds Central Europe funds management transfer (2014). IAD Investments is a member of SASS (Slovak Association of Asset Management Companies) and AKAT ČR (Czech Capital Market Association). High service quality and professionalism of IAD Investments was awarded by 18 awards in the financial competitions Zlatá minca, Fincentrum & Forbes and Top Fond Slovakia.
JLL Property Management team has been operating on the Slovak market for 10 years and with this newest acquisition we manage app. 250,000 sq m of leasable space with a total capital value exceeding EUR 377 mil.