ITB changes hotel to resi development in Bratislava

04
Sep
2024
News - ITB changes hotel to resi development in Bratislava #Bratislava #ITB Development #residential #Slovakia

by Property Forum | Residential

ITB development is changing the plans of the fourth phase in the Čerešne residential district, YIMBA.sk reports. The original intention has included a hotel or an accommodation facility with hotel apartments Čerešne Inn. Now it is being converted into apartment living. 


The design was originally based on the requirements of the City Master Plan. The developer assumed the hotel offer could appeal to people from scientific and office campuses in the nearby Patrónka district. But now it has decided to modify the concept. Čerešne Inn is changing to Čerešne UP, a house with apartment living, intended for sale. The change is related to the development of the market situation and the ever-increasing interest in living in this location. 

In Čerešne UP, 105 apartments are planned in a seven-floor building. The developer will offer future clients several benefits, such as a roof terrace for all residents with a barbecue zone, a workout field, mini golf, a green chill-out zone, and views of the surroundings.

ITB intends to start the pre-sale already in the middle of this month. The company announced that a limited number of apartments will be offered at special pre-sale prices.

According to current estimates, construction should start in the first quarter of 2025. Construction work will take approximately two years. Completion or approval is expected in mid-2027.




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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