Saturday, 10 May 2025
Asseco Central Europe, Kron Real, and other shareholders have announced the successful sale of Galvaniho Business Centrum 5 (GBC 5) in Bratislava to the ERSTE Realitná Renta real estate fund, managed by Erste Asset Management. The transaction was facilitated by the international real estate consultancy firm CBRE.
Galvaniho Business Centrum 5 is a state-of-the-art A+ category office building offering over 21,000 m² of premium office space and high-quality services for its distinguished tenants. Operational since 2021, the property is known for its innovative design and strong focus on sustainability.
The building features solar panels, contributing to reduced operating costs and enhanced energy efficiency. GBC 5 is also in the process of obtaining the prestigious BREEAM Excellent certification, further solidifying its commitment to ecological solutions and sustainability.
Recognized for its exceptional architecture, GBC 5 received the CEZAAR architecture award in 2022. The project’s core principles of architecture, functionality, and sustainability align with modern investor expectations and tenant demands.
“The theme of environmental and social sustainability is central to our investment strategy at ERSTE Asset Management. The acquisition of Galvaniho Business Center 5 reflects this commitment and reinforces the trend we have established with the ERSTE Realitná Renta fund,” said Pavol Vejmelka, Director of Erste Asset Management’s branch in Slovakia.
The successful sale highlights the growing appeal of high-quality office properties among institutional investors.
“We are very pleased to have managed this significant transaction. It confirms that premium office assets remain highly attractive for institutional investors,” commented Marian Mlynárik, Senior Director of CBRE’s Investment Properties Department.
For Asseco Central Europe, the transaction marks a strategic shift in focus.
“Galvaniho Business Center 5 perfectly embodies our values of flexibility, creativity, and sustainability. However, asset management is not our core business. With the funds obtained from this sale, we can now reinvest in strategic areas such as acquisitions or research and development (R&D),” said Jozef Klein, CEO of Asseco Central Europe.
Kron Real, a key player in the Galvaniho campus development, celebrated the success of the project: “For over 20 years, we have contributed to the development, management, and operation of the Galvaniho Campus, which now spans approximately 90,000 m² of office space. We are proud to have been part of the GBC 5 story from its inception and look forward to continuing our involvement in its future,” added Ján Krajčík, CEO of Kron Real.
The sale of Galvaniho Business Centrum 5 represents a significant milestone in Slovakia’s real estate market, reflecting investor confidence in premium, sustainable office assets. GBC 5’s modern infrastructure, environmental focus, and award-winning design make it a standout addition to ERSTE Realitná Renta’s growing portfolio.
