THE OPPORTUNITY

 

Cassovar Business Centre II offers a unique opportunity to acquire leading property in the region at a considerable pricing spread over similarly positioned properties in other CEE locations.

CBC II is technologically advanced office building with a retail element completed in 2012.

Being a base for the blue chip tenant, T-Systems, CBC II offers secure capital base with long-term growth potential.

Attractive money multiple returns could be realized due to combination of available bank credit and anticipated extension of the lease with major tenant.

MACRO LOCATION

 

The property is located in Košice, the regional Capital, and the second most important commercial center in Slovakia. Košice benefits from fast-developing airport gradually expanding direct flights within and outside of Europe.

Fast developing IT and commercial hub lead to a formation of IT valley Košice, a joint initiative of academic bodies, local authorities and major IT firms. This initiative finds it fundamentals in large supply of IT specialists graduating each year from universities offering comprehensive technical education.

The IT valley plays important role in gradual development of the region. This commercial platform is expected to attract new global firms to enter the location and help current occupiers to expand their operations in the region.

Košice region benefits from Slovakia’s accelerating economy, strong economic fundamentals and provision of well-educated workforce at significantly lower costs compared to Western Europe countries.

THE PROPERTY

 

The property is set in the area of former brewery. Cassovar Business Center is considered a landmark and widely recognized property in the city center combining historical set-up represented by preserved chimney and modern business environment.

Cassovar business center comprises two office buildings and a retail gallery interconnecting them. The majority of the retail gallery, CBC building one and part of the parking space are not considered for this transaction. Areas of CBC I and CBC II are functionally and commercially separated.

Property is designed to offer large flexible floor plates.

Adjacent retail gallery provides wide offering of amenities leisure and daily services.

T - SYSTEMS

 

T-Systems, a subsidiary of Deutsche Telekom, is a global IT services and consulting company founded as a WASTE support.

After the initial period, T-Systems in Košice now focuses on more sophisticated tasks and support provided to its global partners. Currently there are more than 3,600 T-systems employees in Košice spread across several locations, whilst Cassovar being the home for vast majority.

Substantial investment into human capital development through training, technical and personal development programs determines the unique position of T-Systems operations in Košice in the company's global network.

Contact

 

Hotel Cassovar a.s., Žriedlová 11, 040 01 Košice, SLOVAKIA

PETER PitoŇák:

E:
pitonak11@gmail.com

Key investment consideration

 

Fully leased property with long-term secured income from blue chip tenant T-Systems

Rental guarantee by Deutsche Telekom group in place

Unexpired lease term of ca. 7 years with likelihood to extend the lease

Rented at market rent to a single office tenant

Landmark property considered the most prominent office scheme in the region

Technically advanced and architecturally striking building with great visibility

Property accommodates single tenant set-up as well as flexible multi-tenant space

Excellent parking ratio and extensive offering of on-site amenities

Attractive location near the historical city center with great accessibility by car

Fast developing IT and commercial hub In Košice is continuously attracting global firms who drive demand for quality office space

An opportunity for asset managers to improve retail performance to realize value upside

Strong occupiers market with limited Grade A office stock and low vacancy in Košice

Micro location

 

Located less than 900m from the main square and true cultural and commercial city center, Cassovar also benefits from a wide range of on-site amenities.

Cassovar is conveniently accessible by car via an inner-city ring connecting it with a highway.

The property benefits from great visibility and accessibility by public transport with stops in direct vicinity.

Being part of a larger multifunctional complex Cassovar comprising also residential development, it is widely recognized in the region.

Future office development in the micro location is limited due to lack of green field and brown field development opportunities in the inner city.

Strategic location in the city center combines abundance of amenities with comfortable accessibility by car.

Specifications

 

Availability of open space and cellular layout
Flexible space for multi-tenant set-up
Clear height of 3.00/2.75 m
Fully raised providing effective wiring and installations
Suspended ceilings
24/7 365 security and reception service
Secure magnetic cards access
Openable windows
Modern HVAC technology
Sun-blinds
8 Elevators
Alternative power supply
Advanced ICT specifications
Fire detectors and sprinkler systems
Camera system monitoring
Internal parking

Key investment consideration

 

Fully leased property with long-term secured income from blue chip tenant T-Systems

Rental guarantee by Deutsche Telekom group in place

Unexpired lease term of ca. 7 years with likelihood to extend the lease

Rented at market rent to a single office tenant

Landmark property considered the most prominent office scheme in the region

Technically advanced and architecturally striking building with great visibility

Property accommodates single tenant set-up as well as flexible multi-tenant space

Excellent parking ratio and extensive offering of on-site amenities

Attractive location near the historical city center with great accessibility by car

Fast developing IT and commercial hub In Košice is continuously attracting global firms who drive demand for quality office space

An opportunity for asset managers to improve retail performance to realize value upside

Strong occupiers market with limited Grade A office stock and low vacancy in Košice

Micro location

 

Located less than 900m from the main square and true cultural and commercial city center, Cassovar also benefits from a wide range of on-site amenities.

Cassovar is conveniently accessible by car via an inner-city ring connecting it with a highway.

The property benefits from great visibility and accessibility by public transport with stops in direct vicinity.

Being part of a larger multifunctional complex Cassovar comprising also residential development, it is widely recognized in the region.

Future office development in the micro location is limited due to lack of green field and brown field development opportunities in the inner city.

Strategic location in the city center combines abundance of amenities with comfortable accessibility by car.

Specifications

 

Availability of open space and cellular layout
Flexible space for multi-tenant set-up
Clear height of 3.00/2.75 m
Fully raised providing effective wiring and installations
Suspended ceilings
24/7 365 security and reception service
Secure magnetic cards access
Openable windows
Modern HVAC technology
Sun-blinds
8 Elevators
Alternative power supply
Advanced ICT specifications
Fire detectors and sprinkler systems
Camera system monitoring
Internal parking