CPI Europe to sell Bratislava property portfolio to WOOD & Company

CPI Europe Group has agreed to sell a significant office and retail complex in Bratislava to WOOD & Company, marking another step in its ongoing portfolio optimization strategy. The transaction presents a new investment opportunity for WOOD & Company’s clients, offering stable yields and future development potential.

The property portfolio includes two myhive office buildings, the VIVO! shopping center, and a 3,200 sqm plot of land with residential development potential. Located in the centrally positioned Nové Mesto district, the mixed-use complex spans approximately 70,000 sqm of usable space. The site is known for its strong infrastructure, panoramic views, and an integrated office and retail environment. Tenants of the modern myhive office towers benefit from direct access to the VIVO! shopping center, which houses 160 retail and service businesses.

The sale will be executed in two tranches as part of a share deal, with completion targeted by the end of 2026. The first tranche involves the formation of a joint venture between CPI Europe Group and WOOD & Company, while the second tranche will see the full transfer of ownership. This phased approach ensures a seamless transition, allowing WOOD & Company to implement its strategic vision for the complex. Closing of the first tranche is expected in the first half of 2025, pending customary regulatory approvals. The transaction is set to be finalized at approximately the portfolio’s carrying amount.

This acquisition represents a major milestone in WOOD & Company’s strategy to expand its portfolio with high-value investment opportunities in Central Europe’s prime locations. With this deal, the company aims to enhance the complex’s long-term value while leveraging the strategic advantages of its central Bratislava location.