BRATISLAVA, SLOVAKIA-Chicago-based Heitman has purchased the 350,000-square-foot Aupark Tower here from HB Reavis Group. The building is the third foreign investment announced by Heitman in late December, as the firm said it bought two office buildings in Budapest right before Christmas.
HB Reavis built Aupark Tower just south of the Danube River on Einsteinova Street, alongside its nearby Aupark Shopping Center. HB sold its remaining 50% interest in the shopping center to Unibail-Rodamco SE for $195 million in November, making Unibail the sole owner.
The office tower was built in 2008, and has experienced controversy because of its height over the historic city center. The building is fully leased to O2, AT&T and Sanofi-Aventis.
On Dec. 23, Heitman announced it had purchased the Alkotas Point and Science Park office buildings, totaling about 600,000 square feet, in Budapest. London-based Aviva Investors sold the two buildings. The purchase price on the two, as well as Aupark, was not released by the company.
Rob Reiskin, managing director at Heitman, said in a statemtent that these properties and Aupark Tower were purchased through Heitman European Property Partners IV, a $654 million fund that is in its final year of deploying capital in value-added property assets across Central and Eastern Europe. The fund is about 60% committed, he said.
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