Allen & Overy has advised HB Reavis Group, a leading commercial property developer in CEE, on the sale of Apollo Business Center IV, a Class A office complex in Bratislava, to Ceska pojistovna, the largest Czech insurance company, part of the leading European insurance corporation Generali Group.

Built in 2008, Apollo Business Center IV consists of one 16-storey and two 6-storey buildings, and is part of the larger Apollo Business Center complex.  It offers approximately 32,400 square meters of lettable space, 95% of which is leased under long-term contracts to tenants such as ENEL Slovenske elektrarne, IBM, Henkel and others.  The center’s convenient location in close proximity to the city centre places it among the top office locations in Bratislava. The center has recently received a widely recognised certificate rating the building's environmental performance, BREEAM, Very Good.

Commenting on the deal, partner Martin Magal said: “This is the third high-profile real estate transaction we handled for HB Reavis recently.  HB Reavis are the clear leader on the Slovak commercial property market, and an increasingly important player in CEE. We are very happy that they turn to Allen & Overy for legal advice on complex deals.  It is a testament of the strength of our real estate practice in Bratislava, lead by senior associate Vojtech Palinkas.''

The A&O team was led by senior associate Vojtech Palinkas with support from associate Tomas Bury.