ARTICLES LABELLED WITH TAG Slovakia

Colliers announced a change in the Managing Director position in Slovakia. Richard Urvay, Colliers’ current Managing Director in Slovakia is departing the business by the end of April to take up a client-side role. Tewfik Sabongui, current Managing Partner in the Czech Republic, will expand his responsibilities to include being Managing Director of Slovakia.

Penta has announced its plans to open the first-ever fund for qualified investors. Legal and administrative actions leading to its establishment are currently underway, and details of the structure and functioning of the fund are going to be announced in the second half of this year.

For 10 years, developer JTRE has been planning a project for Nové Lido on the Danube’s right bank in Bratislava. This new urban district is foreseen to rejuvenate the area between Old Bridge and Apollo Bridge in Petržalka.

The residential market in Slovakia has almost stopped. The top ten Slovak developers have sold a total of fewer than 800 apartments in Slovakia, as 2023 figures are showing in the ranking on Index.sme.sk.

The Bratislava residential quarter developed by Cresco Real Estate has grown by 379 approved apartments and suites in the Slnečnice POP project. The westernmost part of Slnečnice, which is adjacent to the completed Petržalska tramway, has received the approval decision after 21 months.

The logistics market has proven to be the most resilient asset class and has seen its importance emerge during and after the COVID-19 pandemic. Still, developers are not standing idly by, they are looking for new horizons, in terms of figures, service quality and creativity. These are some of the conclusions of the panel discussion focusing on the Slovak logistics market at the recently organised Bratislava Property Forum 2024.

Alexandra Tomášková is joining Capexus as Chief Commercial Officer. She has spent most of her professional career in the B2B sector, in the development and leasing of office buildings.

Lidl has chosen Apollo Nivy in Bratislava as the location of its head office in Slovakia. The relocation of more than 500 employees of the discount headquarters is planned for December of this year.

In the coming weeks, Penta Real Estate is planning to submit documentation for the environmental impact assessment (EIA) for the Bratislava Southbank project. The total gross floor area is reaching 210,000 sqm.

The uneasy geopolitical situation of the recent years is surely not helping investors in Slovakia and the CEE region, that is a reality investors live in. However, the discussion of the first panel during Bratislava Property Forum 2024 has revealed that there is still some room for optimism.