Author: Daniela Vunhu

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Prestigious event in the sector of commercial real-estate in Slovakia CIJ Awards entered in its 15th year. The gala-night culminated by awarding successful subjects in the field of the real-estate was completed by annual awarding and MiddleCap Real Estate was among nominees.
Slovak division of the developer turned its first nomination into success in the Best Commercial Refurbishment category, where the best refurbishments of commercial premises on the market were assessed. Expert jury agreed that the award for the year 2019 goes to the project Gorkého4 Offices. In this case, the project is a reconstruction and historical renovation of former Chamber of Commerce and Industry in Bratislava from the 1903. The original building is a piece of work of an important Slovak architect Jozef Hubert and the restoration project was in hands of the architecture firm Bouda and Masár architects.
“The award for our project Gorkého4 Offices is another acknowledgement of the quality of work done by our whole team on this demanding project. At the same time, it is a signal for us that the decision to start with the project related to the restoration of the historical monuments in the capital was right and it bears the fruit.”, said Róbert Michalica, the Head of MiddleCap Real Estate Slovakia and assessed the success.
Construction & Investment Journal is a specialized magazine dealing with comments and analyses in the field of development and real-estate market in Europe and in the USA. It is also the organiser of various professional conferences on real-estate and a lot of seminars and events dedicated to the real-estate market, including prestigious annual awards Construction & Investment Journal Awards.
 

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MiddleCap Group, an international investment holding, expands its portfolio of eyewear stores. 9 retail stores of Galaxy Optical Services Slovakia s.r.o. will be added to the chain of FOKUS očná optika eyewear stores. 
The eyewear stores located at the Tesco chain in Slovakia will be added to the network of FOKUS očná optika eyewear stores purchased by MiddleCap in August 2019. FOKUS currently operates the largest regional network of eyewear stores in the Slovak Republic and the Czech Republic with a total of 165 stores.
“To us, the Future Vision stores open the door to a wider range of customers demanding excellent service and high-quality products. All these stores in the Slovak Republic will be added to the existing large network of FOKUS očná optika eyewear stores,” says Ján Jacina, CEO of the FOKUS chain of eyewear stores.
Besides the 9 new stores across different Slovak towns, FOKUS will also acquire over 40 qualified employees. Each eyewear store contains an eye centre allowing our customers to have their eyesight checked with the production of dioptric devices in one place.
Martin Proksa, Head of Private Equity MiddleCap Group commented on the transaction: “The acquisition of Future Vision opticians and their inclusion in the portfolio of FOKUS očná optika eyewear stores follows the strategy of the FOKUS brand to strengthen its position as an eyewear store leader in the Slovak and Czech markets.”

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MiddleCap, a real estate focused European investment company, today announces it has acquired the long leasehold interest in Seal House from Sellar which is retained as development manager to take the scheme forward.
Located adjacent to London Bridge, Seal House is a 1970’s office building on the north bank of the Thames and represents MiddleCap’s second UK property investment.
Two different schemes for the redevelopment of Seal House, which was completed in 1978, have been designed by Eric Parry Architects, including a refurbishment proposal.
Planning has been granted for a redevelopment of Seal House that would create over 200,000 sq ft of office, retail and restaurant space and features a public roof garden with fantastic views over the Thames and the City.
Johnathan Crawley, MiddleCap’s UK Managing Director, said: “We are delighted to have acquired Seal House and expand our UK property portfolio. We look forward to working with the Sellar team and will now consider which of the development options to take forward for this fantastic riverside site.”
Tomas Jurdak, MiddleCap’s Real Estate Partner, added: “The acquisition of Seal House underlines our commitment to the London Property Market. Importantly, it also ensures we are creating a balanced portfolio across Europe.”
MiddleCap’s other UK property development is the 70,000 sq ft Southworks in Rushworth Street, Southwark which is due to complete towards the end of 2020.
James Sellar, Sellar’s Chief Executive, commented: “We are delighted to have concluded the sale of our long leasehold interest in Seal House to MiddleCap, which we believe is a testament to the strength of the London office market and the city’s global appeal given the challenging political climate.
“It has been a pleasure working closely with both the City of London Corporation and The Fishmongers Livery Company, which owns the freehold of Seal House, over the past few years to create viable development proposals. We now look forward to working alongside MiddleCap to deliver a fantastic addition to the City office landscape.”
Knight Frank and Addleshaw Goddard advised MiddleCap while Savills/CBRE and CMS acted for Sellar.