Intrade seeks approval for mixed-use resi project in Bratislava

13
Mar
2024
News - Intrade seeks approval for mixed-use resi project in Bratislava #Bratislava #Intrade Assets Management #Residential #Slovakia

by Property Forum | Residential

Intrade Assets Management has presented a new design of the project Za stanicou (Behind the station) in Bratislava, which has been developed just on paper since 2010, SME.sk reports.


Originally, the Israeli company Star Group wanted to build it near the railway station Bratislava - Nové Mesto. Intrade Assets Management renamed the project to Lake Station and redesigned it. The dominant two high-rise towers will reach 28 floors. Intrade Assets Management recently applied to the authorities with a request to change the project.

Now, the design shows 160 apartments for permanent living. However, the largest part of both towers will be taken up by a so-called tourism facility for "temporary accommodation" with 480 one-bedroom and 160 two-bedroom units. If it were a hotel, it would be among the largest in Bratislava. The type of operation is not clear from the documents. This strategy may be related to the fact that the municipality of Bratislava years ago tightened the assessment of projects in which developers formally declared residential units as apartments to meet the requirement of the City master plan.

The investor also designed three underground floors with a garage for 563 cars, as well as premises intended for various facilities, retail and services. The developer states in the documents that construction works could begin in the first quarter of next year and would last three years. Estimated the cost of the project is €56 million.

Last year, the project received a binding opinion from the City, which created a prerequisite for it to turn to local authorities for additional permits after an environmental impact assessment (EIA).




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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