AIP Asset Management €120 million acquisition of Twin City Tower

Overview:

• South Korean asset manager AIP Asset Management and UK investment manager Valesco group have acquired Twin City Tower in Slovak Republic from HB Reavis for €120 million.
• The 23-storey tower is one of the capital's landmark and has three underground floors and over 34,000 sqm of space.
• The transaction marks the first real estate investment backed by South Korean capital in Slovak Republic.

Rajeeb Gurung - Researcher