23.1.2026
The investment group Natland consolidates its position in the commercial real estate sector and further strengthens its activities on the Slovak market. It becomes 100% owner of the Bajkalská Office Centre office building located in Mlýnská nivy. The seller is Prvá stavebná sporiteľňa, a.s. (PSS). The business partners have agreed not to comment on the details of the purchase price.
Comprehensive potential
The building offers approximately 11,000 m² of usable space and currently has more than 60% occupancy with valid lease agreements. The area of Mlýnská nivy and Bajkalská Street is one of the most dynamically developing parts of the Slovak capital, which plans further urban and commercial development here, making the area an active part and natural extension of the Central Business District.
“The decision to sell the building is part of our long-term strategy. The building on Bajkalská Street has served PSS for more than thirty years and now no longer meets our requirements for a modern working environment. The building is therefore facing a new phase under the leadership of an investor who emerged from a tender process in which PSS took into account not only the financial conditions but also the specific requirements of the bank,” said Redouane Sedrati, member of the Board of Directors of Prvej stavebnej sporitelna, a.s.
The new acquisition fits in with Natland’s strategy to strengthen its income property portfolio while seeking assets with the potential for modernisation and long-term appreciation. “This transaction represents a combination of stable returns and development potential for us. We plan to revitalize the building and adapt it to the current requirements for a modern office environment. This will also include optimising the tenant mix and investing in improving the energy efficiency of the building,” says Tomáš Balvín, Investment Manager of Natland Group responsible for real estate investments.
Strategic move and expansion of activities in Slovakia
Natland Group considers Slovakia as a strategic market with long-term investment potential. In addition to this acquisition, Natland is currently monitoring more than ten other opportunities in real estate and beyond. “We see interesting opportunities in the Slovak market in various segments – from income properties, residential projects to private equity cases with transformational potential. This project, or rather building, attracted us with its location, quality and the possibility of modernization. It is an asset that fits well into our portfolio and long-term, profitable growth strategy,” adds Balvín.
Natland has invested in the real estate sector in the Slovak market several times in recent years – in the spring of 2025, when it became a partner in a joint venture with Wood&Co. in the acquisition of the VIVO! shopping centre and myhive office buildings also in Bratislava. In this case, it was a complex project with a total leasable area of 70,000 m² and a 3,200 m² plot of land for potential residential development.
Other investments include the purchase and consolidation of more than 326 hectares of land for mixed or mixed use in western Slovakia near Bratislava, in a location with excellent transport accessibility from the capital and good connections to Austria and the Czech Republic, or a residential project with a valid zoning decision in central Slovakia.
That is why Andrej Čietek joins the Natland Group team, bringing more than 20 years of experience from international real estate consultancy Colliers, where he first led the real estate valuation team and then the capital markets team, where he was involved in the valuation, acquisition and strategic management of income properties in Slovakia and across CEE. His expertise in commercial real estate, investment transactions and real estate strategy will play a key role in the further development of the Group’s activities, which is why Andrej is taking on the role of Country Manager for Slovakia. He will manage local investment activities, develop relationships with partners and strengthen business development in the Slovak market.
Slovakia is not an unfamiliar market for Natland Group, which has been active and successful there in the past. It has invested in the Bratislava steam-gas cycle (PPC Energy), one of the key sources of heat and electricity for Bratislava. It is an example of successful turnaround management – when Natland took over the company, it was in a crisis situation, it did not have key contracts and its owner was in financial trouble. The group had to decide on investments and the direction of the company for a long time ahead. Natland then sold the stabilised company, with a functioning business set up for years to come, with key contracts renewed and new modern technologies invested, to a subsidiary of the multinational Veolia.
A similar principle of managed turnaround management was successful for Natland in Slovakia in the case of a former brownfield of over 33,000 m2 – an office and warehouse park in the wider centre of Bratislava near the R7 expressway. Natland was able to transform it from an inefficiently managed site into the Vlčie hrdlo Business Park complex within 18 months, massive investments in technical infrastructure were made, yields were increased by a quarter and the rental collection success rate reached 100%. It was subsequently bought by the Czechoslovak developer Contera.
The Group has built on these projects seamlessly not only in real estate, but also in the energy segment and others. It was actively involved in the informal process, restructuring and maintaining the going-concern of two power plants in Topolčany and Bardejov and completed the project phase of stabilization and preservation of the going-concern of thermal power plants that were threatened with bankruptcy in connection with the problems of the Arca Group. The plants produce electricity from a renewable source (biomass) and supply heat to more than 15,000 households. Using state-of-the-art Austrian technology, each plant has a thermal capacity of 25 MW and produces and delivers up to 250 thousand GJ of heat per year to its customers. The electrical capacity is 8 MW and the annual production is 65 thousand MWh of electricity.
Natland Investment Group operates primarily in the Czech and Slovak markets. It invests its capital in the strategic segments of Private Equity, Real Estate and Financial Services mainly in medium-sized companies. It manages assets through investment funds. He is an expert in turnaround management of companies in complex situations. Natland was founded in 2002 by Tomáš Raška.
Media contact:
Hana Filipová
Head of Marketing & Communication
hana.filipova@natland.cz
+420739500844
