Savills has advised Slate Asset Management, a global investor and manager focused on essential real estate and infrastructure assets, on the disposal of a three-asset-OBI-retail-store portfolio in Slovakia to the Lindner Group from Germany.
OBI, which is headquartered in Germany, is one of Europe and Slovaia’s leading DIY chains and is part of the Tengelmann group of companies.
Details regarding the sale price were not disclosed.
The three properties are located in Kosice, Nitra, and Martin and have a combined lettable area of almost 30,000 square meters.
“Savills work with Slate closely in other jurisdictions and it has been a pleasure to extend our track record with this important client into new territories,” said Fraser Watson, Head of Investment at Savills Czech Republic & Slovakia. “The portfolio was re-geared by Slate during their ownership period, fulfilling their asset management business plan, and culminating in a successful divestment which we have been delighted to have been a part of. Congratulations to both parties in concluding this deal.”
Image source: www.slateam.com