Cresco Real Estate has announced a new partnership in the Slnečnice project in Bratislava's Petržalka district. A strategic partner, WOOD & Company, with whom Cresco Real Estate is already developing the planned Lakeside 3 project in the capital, is entering the part of the Slnečnice nad Mestom project.
Cresco Real Estate and WOOD & Company will cooperate in a joint venture partnership. WOOD & Company acquired a 50% stake in the first stage of the Slnečnice Nad Mestom project. This strategic partnership will bring 567 new apartments and other residential units to the market. The first stage includes two high-rise buildings, with 14 and 19 floors, and three eight-floor buildings of the first of the three planned city blocks. The developer began construction of the towers last summer and is progressing according to plans.
The cooperation of two development companies continues the previous partnership in the Lakeside 3 residential project near Kuchajda in Bratislava, awaiting the relevant permits. "We are happy that the choice of WOOD & Company fell on us again," says Ján Krnáč, CEO at Cresco Real Estate, adding that Cresco Real Estate is also starting a long-term cooperation with WOOD & Company abroad.
