A total of 11 commercial real estate transactions worth €229 million were completed in Slovakia during the first three quarters of 2026. Activity in Q3 was more moderate, as several larger transactions are expected to close towards the end of the year.
The office sector was the clear market leader, accounting for 67% of total investment volume year-to-date. The largest transaction of 2026 so far was the sale of The Mill office building in Bratislava by Immocap to Czech fund REICO. Another significant deal was the sale of the Park Inn hotel in Bratislava, marking the largest hotel transaction in Slovakia in more than a decade.
Investment activity extended beyond Bratislava, with seven of the eleven transactions taking place outside the capital, highlighting growing interest in regional investment opportunities. Local capital continued to dominate the market, with all acquisitions in 2026 completed by Slovak and Czech investors.
Prime yields remained stable despite higher financing costs. Prime yields stood at 6.00% for industrial, 6.25% for offices, 6.50% for shopping centres, 6.75% for retail parks and 7.75% for hotels.
The outlook for the final quarter remains positive. Several larger industrial and retail transactions are expected to close in Q4, which could push full-year investment volume above €500 million.
