Carlton

The Carlton project is a 61,000 sqm mixed-use real estate in one of the best locations in Bratislava, Slovakia, comprising lodging & hospitality (a 4-star internationally managed hotel with 170 rooms), office and retail with 18,000 sqm of GLA and a car park in the city center.

Thanks to its location – in the heart of the city’s Old Town – it is in direct contact with the beautiful bank of the Danube River as well as the historic centre of Bratislava, with its numerous restaurants, coffeehouses, shops and cultural monuments, whilst providing an ease of access to the city’s inner ring roads. One of the asset’s key advantages is an underground car park with 450 spaces ­– the largest of its kind in the historic center Bratislava.

The existing office space is located in four buildings with individual layouts, complemented by conference rooms and high-quality administrative and hotel services. The offices are easily accessible by private and public transport, with convenient access to a motorway bypass and fast connections to Vienna, Prague and Budapest. Two underground garages provide the highest ratio of parking spaces per square metre of leased office space.

In addition to luxurious accommodation, the internationally operated hotel offers its guests conference spaces, a first-class hotel restaurant, an old-school bar with a magical atmosphere of live piano music, as well as a pleasant summer terrace. Just one block away from the stunning Danube River, this property offers a delightful panorama of the Old Town in Bratislava. Located in the heart of the city, it ensures a short commute to government and corporate offices as well as the city’s airport. The hotel is only 13 kilometers away from Bratislava Airport and 3 kilometers away from the Central Railway Station. It is effortless to navigate around the city, whether by taxi, bus, tram, or trolley.

The asset was acquired in 2006 and sold in 2016. The Firm’s role was to acquire 100% shareholding by taking over the entire Slovak portfolio under a full recapitalisation and restructuring agreement with the banks.

During the holding period, several value-creation strategies were effectively executed by completing the bank restructuring and actively managing the assets to stabilise income, reduce the bank debt and increase value.