Investment targets

Regional real estate

  • Target Asset Classes – Core/Core +
  • Prime located, cash producing assets in main cities Ljubljana, Zagreb, Belgrade or similar with potential to increase value via active asset management
  • Resilient retail or mix use properties
  • Downtown offices that allow “Walkability”
  • Multi-tenant assets where active management can deliver enhanced returns
  • TRIGAL goal is to translate the value created by active asset management into higher financial return for the investors

Attractive returns

  • Income driven: Cash yield 4-5%
  • Blended IRR (cash yield, dividend yield plus yield on development) above 12%
  • Benefit from regular income and total return prospect over a long investment period
  • Sustainable recurring distribution and capital preservation

Our region – Strong market fundamentals

Primary investment countries:
Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Kosovo, North Macedonia

Secondary investment countries:
Hungary, Romania, Bulgaria, Albania

The most attractive yields in Europe

  • Capital cities in SEE region such as Ljubljana, Zagreb and Belgrade provide the highest prime office yields in EU
  • Prime office markets with compressing yields, strong tenant demand and increasing investors’ appetite
REGION CITY RENT (EUR/sqm) YIELD (%)
Western EU London 73.7 4.5
Paris 81.7 2.75
Frankfurt 46 3.25
Central EU Warsaw 24 4.7
Prague 27 4.5
Budapest 24.5 5.5
South-Eastern EU Belgrade 17 8
Zagreb 15.5 7.75
Ljubljana 16 7.5
Source: Colliers, CBRE

Regional infrastructure investments

Focus on renewable energy investments

  • Selected S&CEE region investments
  • Different project stages (greenfield, turnkey, brownfield etc.)
  • Feeder-funds possible to increase diversification and accelerate investment process
  • Expected returns between 5% and 8% p.a.

Regional private equity

  • SME multi sector focus, with emphasis on regional integration, growth opportunities through supply of equity to support expansion, partial exit of existing owners and change of generation
  • Structure, financing and investment term dependent on individual transaction
  • Expected returns >10% p.a.