IAD Investment Real Estate Fund Signs Lease Agreement with Kooperativa for Twin City C in Bratislava

IAD Investment Real Estate Fund (IAD IRF), managed by IAD Investments, has signed a long-term lease agreement with Kooperativa poist’ovňa, a.s., part of the Vienna Insurance Group, for 7,200 square metres of office space in the Twin City C administrative building in Bratislava. The lease is set for ten years, with occupancy beginning in November 2025. With this agreement, the occupancy rate of Twin City C is expected to exceed 95% by the end of the year.

Martin Proksa, CEO of IAD Investments Fund and board member of IAD Investments Management S.à r.l., said the lease marks a confirmation of the fund’s investment strategy focused on high-quality properties in prime locations. The decision by Kooperativa to move into Twin City C aligns with its criteria for modern, accessible, and energy-efficient office space that also complies with ESG principles.

Kooperativa’s CEO Vladimír Bakeš described the relocation as a key moment in the company’s development, moving its headquarters after more than 30 years. He emphasized the value of a well-equipped and sustainable work environment that supports employee productivity, creativity, and wellbeing. He added that the move to Twin City C – located in the business district of Mlynské Nivy – reflects the company’s long-term cooperation with IAD.

IAD Investment Real Estate Fund reported net assets of over €115 million as of 31 March 2025. The fund, which has a history of more than 12 years, focuses on stable, income-generating real estate investments. In 2024, it recorded its highest-ever revenue, with institutional class shares appreciating by 12.5% annually, class A by 11.9%, and regular class shares by 11.8%.

The fund’s property portfolio includes Twin City B and C, as well as City Business Center I and II in Bratislava, and the Aupark shopping centre in Hradec Králové. IAD Investments, based in Slovakia and operating since 1991, manages assets worth over €2.1 billion across Slovakia, the Czech Republic, Hungary, and Poland. The company is part of Pro Partners Holding.

Kooperativa, a member of Vienna Insurance Group (VIG), is a major insurance provider in Slovakia, serving over 1.5 million clients and holding a market share of 24.7% at the end of 2024. The Vienna Insurance Group is active in 30 countries, with around 50 companies and 32 million clients. VIG is listed on the Vienna, Prague, and Budapest stock exchanges and maintains an A+ rating with a stable outlook from Standard & Poor’s.