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Investor Guide to Europe 2014
after very low activity recorded in 2012 the Slovak
investment market experienced a solid recovery,
confirmed by the entry of new institutional investors
such as Generali Group and nepi and a significant
year on year increase in investment activity during
2013.
The institutional investors are primarily concentrating on
Bratislava´s prime offices. However, increasingly retail
properties are becoming attractive for domestic investors or
private capital as well as cross border investors, as was the
case with Aquario nové Zámky and Aupark Žilina.
Slovakia is benefitting from the Euro currency, which was
adopted in 2009 as well as solid growth prospects of the
economy. Slovakia gained the best position among the Central
and Eastern Europe (CEE) countries in World Bank’s Doing
Business Report 2008 – 2013.
Market sizing
Slovakia
Europe
Invested stock*
(Total stock)
n/a
n/a
EUR 3,380bn
(EUR 8,150bn)
liquidity ratio*
(10y average)
n/a
n/a
4.0%
(4.5%)
2013 volumes
(10y average)
EUR 1.12bn
n/a
EUR 139bn
(EUR 135bn)
Market pricing – Bratislava (Q4 2013)
office
Retail
Industrial
Current Yield 6.25% 6.00% 8.00%
Min/Max
(10y)
n/a
n/a
n/a
Yield
definition
net initial yield
Source : DTZ Research
SLovaKIa
* 2012 figures
