At the beginning of February 2024, mutual real estate fund Prvý realitný fond acquired through its real estate company Logis Rugvica d.o.o. plot of land intended for development in the Sveta Helena area, near the Croatian capital Zagreb. With this project, Prvý realitný fond is successfully starting its activities on the Croatian market.
The plot of land with an area of approximately 9.7 hectares is intended for the construction of a logistics center with approximately 45 000 square meters of leasable area.
“We see Croatia as next target market for Prvý realitný fond due to Croatia’s recent entry into the EU monetary union. The logistics market in this country is severely undersized, with great potential to catch up with other countries in the Central European region, which opens the door to new opportunities,” says Tomáš Trebula, transaction manager of IAD Investments, a.s.
The entire project will be implemented through the joint-venture partner Promat Investments, s.r.o., who mediated the investment opportunity and will be involved in the project and development management through his Croatian subsidiary Promat Projekti, d.o.o.
“We perceive this project as the beginning of an investment cycle, the goal of which is to build a significant position in the dynamically developing logistics segment in the territory of South-Eastern Europe,” adds Mário Mátaš, managing director of Promat Investments, s.r.o.
Financial and tax consulting services were provided by BDO Svjetovanje d.o.o., technical and environmental consulting by Sentient d.o.o. and legal advice provided by Šooš Maceljski, Mandić, Stanić and Partneri d.o.o., odvjetničko društvo.
IAD Investments, správ. spol., a.s. is the oldest Slovak management company operating on the Slovak capital market since 1991. As part of its European operations, it manages assets worth more than EUR 2.1 billion, mainly in Slovakia, the Czech Republic, Hungary, and Poland. It currently manages 16 mutual funds and offers its investors individual asset management and savings programs. IAD Investments, správ. spol., a.s. is part of significant investment group Pro Partners Holding, a.s., which operates mainly in the private equity, real estate, and finance sectors in the countries of Central and Eastern Europe.
