Heitman continues to drive leasing success in Bratislava with 2014 figures

Bratsilava, 1st June 2015

The number Fifteen could turn out to be a lucky number for the real estate management fund Heitman that owns premium level office buildings in Bratislava – including Aupark Tower, BBC5, BBC4, BBC3, and CEOP. Last year, it has signed leasing contracts for more than 15,000 sqm of office space. However in 2015 this figure will be higher.

“Compared with 2013, last year was even better in terms of the volume of leased office space. Heitman in Bratislava continued to lease vacant office space even though the market continues to be challenging generally for existing buildings. In 2014 there were still a number of companies that were looking to reduce their space in Bratislava and on top of this there were a couple of large buildings vacated. However the team here in Bratislava has already seen a positive start to 2015 and are seeing companies now starting to think about expansion again which makes us believe that 2015 will be an even stronger year. Heitman remain fully focused on adding value to our assets in Bratislava and we are committed to our long terms investments,” said Guy Speir, the head of leasing at Heitman.  

In the Aupark Tower, Heitman signed leasing contracts exceeding 7,000 sqm in 2014. These were mainly the prolongations of the existing anchor tenants such as O2 and Sanofi. Telecommunications firm O2 is one of the most prominent tenants in Aupark Tower buildings ever since the opening in 2008. New tenants have also been signed including Wolf Theiss. ,,As a renowned international law firm, we must pay attention not only to the quality of our services, but also on the representativeness of our premises. Heitman portfolio was therefore a natural choice. Aupark Tower does not only have great location, excellent access and spectacular views, but also offers a first class quality service, " said Luboš Frolkovič from Wolf Theiss.  

In the BBC 5, Heitman signed contracts for 4,800 sqm in 2014. These were mostly prolongations of leasing contracts by the existing clients. Among them are UniCredit Leasing and Takeda who have decided to remain in the building. New clients also leased space in the complex such as TOP AUTO Slovakia – a leading importer of luxury cars (Jaguar, Volvo, and Land Rover).  

Both buildings retain high occupancy rates – BBC 5 is occupied at 80% and Aupark Tower at as much as 95%. In its other administration buildings in Bratislava - BBC 3 and CEOP, Heitman leased another 3,000 sqm of office space.  

In 2015 it will be crucial to meet the requirements of clients who demand increasingly higher value for money. There remains significant choice on the market in Bratislava. In addition to the value, good location like Aupark Tower or BBC5 will be among the decisive factors for Slovak and international companies looking for new offices, as well as a sufficient number of parking units, higher standard of fit outs and efficient floor plates. “In other words, the more effectively a space can be used, the better. It is of great advantage if the space also offers good views like Aupark Tower enjoys,” said Guy Speir.