BTS Cargo and Hangar Services

  • BTS Cargo and Hangar Services

Origination

  • Secured acquisitions directly from existing shareholders

Equity partnership

  • Equity /operating partnership

Role

  • Bifrost was responsible for origination, financing, value creation and active management during the holding period

Value Creation

  • Closed the transaction with ownership with 100% equity, restructured existing leases into institutional quality leases and secured new leases with new airline carriers for aircraft maintenance. Secured long term debt finance, amalgamated addition properties at the airport. Increased NOI from €1.2 million to €2.4 million.

Property Type

  • Airport Infrastructure 35,000m2
  • Airside aircraft hangars
  • Airside aircraft maintenance facilities
  • Airside/landside logistics DHL/Fedex
  • Cargo facilities
  • Offices

See property website for further details: www.btscargo.sk/en

Acquired: Q3 2004
Key Facts
Location Bratislava, Slovak Republic
Deal type Asset below intrinsic value/repositioning
Property type Airport property airside/landside industrial, offices, 35,000m2
Closing date 2004
Origination Direct to ownership
Status Unrealised under management
In these extraordinary and difficult times, our thoughts are with those impacted by the COVID-19 pandemic and the frontline workers keeping us and our loved ones safe. The team at Revetas is working hard across our portfolio to maintain the health and safety of our tenants and service providers while leveraging our experience of multiple business cycles to preserve the value of our investments.

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