KLM Real Estate sells Slovak and Czech retail park portfolio to Patria Investiční Společnost

Slovak real estate developer KLM Real Estate has finalized the sale of a portion of its retail park portfolio to Patria Investiční Společnost, marking Patria’s third acquisition this year for the ČSOB Nemovitostní mutual fund. The portfolio, which includes five retail parks across Slovakia and the Czech Republic, will initially be available to clients in the Czech Republic in 2025.

The transaction features properties in Zvolen, Bytča, Humpolec, and Lipník nad Bečvou, totaling over 30,700 m² of fully leased retail space with high-profile tenants. Known for their sustainability features, these Class A assets include green roofs, heat pumps, and photovoltaic power infrastructure, meeting stringent energy standards. The OC Klokan Zvolen, Slovakia’s largest retail park, exemplifies KLM’s commitment to sustainable development.

The sale was brokered by international advisory firm CBRE and the law firm AK Novák, representing KLM. “This acquisition allows us to diversify our portfolio further while strengthening our regional presence,” said Nina Kozáková, Chairwoman of Patria Investiční Společnost.

Rastislav Čačko and Michal Kozáček, co-owners of KLM Real Estate, emphasized the alignment with KLM’s growth strategy, noting that the sale will support further expansion in Slovakia and the Czech Republic. “We’re pleased to have found a strong investor in Patria, validating the appeal of retail parks to institutional investors,” they stated.

CBRE’s Senior Director Marián Mlynárik added, “This transaction highlights the liquidity and quality of KLM’s retail parks, which are drawing increasing interest from investors and delivering returns comparable to shopping centers.”