Q4 2025 Market REcap | Slovak Investment
Year 2025 ranks among Slovakia’s strongest investment years of the past decade. Volumes were driven by portfolio transactions and improving pricing alignment across key sectors, creating a solid foundation for continued activity into 2026.
Office
During the fourth quarter of 2025, four office transactions were completed in Slovakia, with a total volume of approximately 80 million €. From a full year perspective, the office sector accounted for 17% of total investment activity.
The majority of transactions were concentrated in Bratislava, complemented by smaller offices in Kosice. Notable transactions include the sale of BBC1 and BBC1 Plus by Wood & Company to the Slovak Republic, and Amigal Group. In addition, Generali divested the Green Point offices to 365.invest.
Looking ahead, several office assets are in various stages of transaction, and it is expected that the activity into prime office sector will return in the coming year.
Industrial
The Slovak industrial and logistics market recorded another strong year in 2025, supported by prime single-asset transactions and capital recycling. Investment volumes increased to 351 million €, reflecting an annual growth of 46%.
Investor demand remained particularly strong for assets with long lease profiles, as demonstrated by the 65 million € sale-and-leaseback of the DSV Logistics Hub in Senec, acquired by REICO Long Lease Fund. An additional landmark transaction included the acquisition of Amazon’s only Reverse Center in Europe by Erste realitna renta. Liquidity in the sector was further evidenced by the disposal of One Industrial Park to Stoneweg Europe, followed by its subsequent sale to P3 Logistic Parks later in the year.
Retail
Retail investment volumes surged from €126 million in 2024 to €424 million in 2025, representing a 237% YoY increase and positioning retail as the leading commercial real estate sector of the year. This marks the strongest retail investment performance in Slovakia in several years.
Transaction activity was driven primarily by strategic shopping centre acquisitions alongside selective portfolio disposals. Regional capital continued to play a defining role, demonstrating both the capacity and expertise to acquire prime as well as value-add opportunities, supported by a clear conviction in active asset management and performance optimisation.
Róbert Cesnek, Head of Capital Markets
Download report
Head of Capital Markets
Senior Analyst
