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WOOD & Company Funds SICAV has acquired a 50% share in Slnečnice Nad Mestom residential development project

A 50% share in the first phase of the Slnečnice Nad Mestom residential development project in Bratislava, Slovakia, has been acquired by WOOD & Company Funds SICAV from its developer, Cresco Real Estate. The transaction also included the formation of a joint venture partnership between WOOD & Company and Cresco for the development and sale of residential units on the site.

WOOD & Company Funds SICAV was established by WOOD & Company to invest in real estate, pharmaceuticals, waste management and other sectors, with the goal of generating income and achieving long-term capital appreciation. Based in Malta, the SICAV structure is regulated by the Malta Financial Services Authority.

Slnečnice Nad Mestom is a residential development project in Bratislava, Slovakia with 567 residential units and 820 parking spaces. The first phase of the project involves the construction of two high-rise buildings — one 14-story and one 19-story — along with three eight-story buildings in the first of three planned city blocks.

Cresco Real Estate is a Slovak real estate developer with over 30 years of experience in large-scale residential projects and commercial properties across Slovakia and the Czech Republic.

Oaklins’ team in Slovakia advised WOOD & Company Funds SICAV on this acquisition.

Parties

Talk to the deal team

Richard Lelak

Manager
Bratislava, Slovakia
Oaklins WOOD & Co.

Ema Klukova

Analyst
Bratislava, Slovakia
Oaklins WOOD & Co.

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