SLOVAKIA REICO offloads Office Box

Office Box was the smallest building in RČSN’s portfolio, comprising 4,281 sqm, and was also one of the properties it has held for the longest time. Its sale forms part of the Czech fund’s programme to restructure its portfolio, as holding onto the property did not fit into its current investment strategy.

The sale of the Office Box building is another visible step in the qualitative change of our real estate fund's portfolio and the improvement of the liquid position for further potential purchases.
Tomáš Jandík, the chairman of the board of directors of REICO IS ČS

During the transaction, REICO’s investment company České spořitelny., which manages the fund, was represented by Wilsons Slovakia and ASB Slovakia.

Following the sale of Office Box, REICO ČS Nemovitostní has 20 properties in its portfolio with an average value of CZK 1.8 bln (app. EUR 77 mln). The current market value of the portfolio amounts to almost CZK 37 bln (app. EUR 1.57 bln).