Slovenia’s economy has come a long way since the financial crisis bailout. Good news for potential investors is the asset portfolio of the Bank Assets Management Company or BAMC (Družba za prestrukturiranje terjatev bank) with bad loans on the books of the country’s banks. For information on investment opportunities in BAMC’s portfolio of over 1 billion euros go to: http://www.dutb.eu/en/default.aspx
Bail-outs of companies have added corporate equity to the privatisation portfolio managed by Slovenian Sovereign Holding or SSH (Slovenski državni holding). Thanks to transparent procedures and adequate asset sale pricing according to OECD principles and standards on the management of State Owned Enterprises, potential investors can enjoy good returns both from ownership and privatisation of management through well-structured concession transactions.
Below you will also find investment projects offered by different entities.
You may fine tune your search by selecting different categories of projects.
Real Estate: Kozolci Residential Development, Kranj
Kozolci is a residential development of 395 units on 3 hectares, designed by Squire and Partners Architects from London. Situated in Kranj, it will provide ideal starter homes for families from the Gorenjska region, and Ljubljana residents seeking better value housing.
The architect’s plans are now complete and the developer expects to have building permit by September 2010. Sales of the first phase will commence thereafter.
There is an opportunity to acquire the entire project at a discount, as the developers have insufficient equity to raise bank finance. Alternatively, it would be possible to take an equity stake in the project. The sales value of the project is estimated at 71m euro over 4 years.
The SPV including land, and project with building permit could be acquired from the developer for 4m euro. The SPV currently owes 10.5m euro to the bank. An additional 3m euro of the share capital would be required in order to raise bank finance for the first phase of construction. Total project costs are estimated at 59m euro, giving a 12m euro, 17% IRR. Alternatively, it would be possible to take a 3m euro equity stake in the project, which would provide a return to the investor of 20% p.a. for two and a half years.
Opportunity to acquire a well designed residential project in the Ljubljana commuter belt, at a time when the project pipeline is drying up and a real estate shortage will ensue. Alternatively, an opportunity to invest in the project at an early stage in return for a high ROI.