KD Adriatic Value Fund, Special Investment Fund, the first regulated real estate alternative investment fund in Slovenia, managed by KD Funds, in partnership with Peakside Capital, has finalized the acquisition of the Austria Trend Hotel from Austrian real estate company CA Immo.
“With the acquisition of the Austria Trend Hotel, KD Adriatic Value Fund is strengthening its core business and expanding its real estate investment portfolio to include the hospitality sector,” said Luka Podlogar of KD Funds. “This is in line with our strategy of offering SEE real estate as an attractive asset for institutional investors.”
The transaction represents the fourth commercial real estate acquisition in Slovenia by the KD Adriatic Value Fund, with the first acquisition completing in April 2018.
“The hotel is well recognized by tourists and business guests in Ljubljana. With its excellent location, visibility and building structure it has a great potential for furth