The property portfolio comprises two myhive office buildings, a Vivo! shopping centre and a 3,200 sqm plot of land with potential for residential development. Centrally located in Bratislava - Nové Mesto, the mixed-use complex offers approx. 70,000 sqm of usable space.
The sale to Wood & Company will be carried in two tranches out as part of a share deal by the end of 2026, whereby tranche 1 provides for the establishment of a joint venture of CPI Europe Group and Wood & Company, and tranche 2 for the complete sale of the portfolio. This structure allows for a smooth transition and implementation of Wood & Company's ambitious plans for the complex. Closing of tranche 1 is anticipated in Q1 of this year, subject to customary closing conditions, including regulatory approvals. The transaction will be made roughly at the portfolio’s carrying amount. The acquisition represents another milestone in Wood & Company's strategy of creating unique investment opportunities in prime locations across Central Europe.
CPI Europe Group is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The Group holds roughly 470 properties with a combined value of approx. EUR 8 bln.
Wood & Company is a financial group in the Central European market. The company manages investments exceeding EUR 7 bln. Wood Real Estate actively manages commercial properties in Prague, Bratislava and Warsaw. The portfolio currently includes 16 projects with
more than 434,000 sqm of leasable area.
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