Czech capital is driving investment in Slovak real estate. The half-year total stands at €244 mil.

Key figures for H1 2026

• Investment volume: €244 million across 8 transactions
• Foreign investors: 78% of volume (€190 million), of which Czech investors accounted for 73%
• Domestic investors: 22% of volume (€54 million)
• Offices: 66% of volume (€160 million)
• Retail: 26% (€63 million); industrial and logistics: 8% (€21 million)
• Prime yields: offices and industrial 6.25%, shopping centers 6.50%, retail parks 6.75%, stable

Offices attracted the most capital

Investors showed interest across several sectors, but offices clearly dominated. The office sector drew 66% of the total invested, or €160 million. It was followed by retail at 26% (€63 million) and industrial and logistics at 8% (€21 million).

Ľubor Procházka Head of Capital Markets

"In the office segment, the most significant transaction was the sale of The Mill office building in Bratislava, one of the most modern office projects in the capital, offering roughly 26,700 m² of leasable space,"

Among other notable deals, he cited the sale of a partial stake in the Einsteinova Business Center complex in Petržalka and the BCT 1 building in Košice.

The market was dominated by foreign, mainly Czech, capital

Foreign investors accounted for 78% of total investment activity, or €190 million. The strongest presence came from investors in the Czech Republic, at 73% of the total invested. Domestic investors made up the remaining 22%, or €54 million. Central European capital thus remains the main engine of the Slovak investment market.

Industrial: manufacturing returns to Martin

The industrial portfolio brought an interesting story. The former manufacturing plant of the departing company ECCO was bought by WIA Slovakia, part of the Hyundai WIA group, which plans to expand its production in Martin. The transaction shows that industrial sites in Slovakia have real use and job-creating potential even when they change hands.

Yields remain stable

Prime yields held steady quarter on quarter across sectors. Offices and industrial stood at 6.25%, shopping centers at 6.50%, and retail parks at 6.75%. Stable yields signal that prices have settled and the market is on firm footing.

Key takeaways

• Offices are back in focus. Two-thirds of the capital invested went into office buildings.
• The market is driven by regional capital. Three in four investors were from abroad, mainly from the Czech Republic, and this trend is likely to continue.
• Prices have settled. Stable yields across sectors reduce risk and create more favorable conditions for entry.

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