JTRE launches Downtown Yards project in Bratislava

02
May
2024
News - JTRE launches Downtown Yards project in Bratislava #Bratislava #JTRE #residential #Slovakia

by Property Forum | Residential

JTRE has opened its residential project Downtown Yards in Bratislava for pre-sale and 20% of the stock is gone. This may indicate the asset class's return to a healthier status after a two-year slowdown.


135 of the 650 residences at the gateway to Bratislava’s expanding downtown have already been sold in the pre-sale phase. This development on the land between Košická, Prístavná, Plátenícka and Mlynské nivy comprises residential blocks ranging from 8 to 27 floors alongside busy Košická Street and lower multi-functional buildings facing calm Plátenícka Street. The project’s second stage will include a 35-floor office building on the corner of Košická and Prístavná Streets.

Green areas will amount to 6,100 sqm, including the revitalised tree avenue on Plátenícka Street and its extension to Prístavná, and new plantings along Košická. In the first phase alone, over 2,000 sqm of greenery will cover roofs to retain water and reduce solar reflection. The developer announced the aspiration to obtain A0 technical energy certification for the project’s air recuperation and rainwater collection.

After almost two years of cleansing this former brownfield site, preparatory work for construction piles and concreting of the base plate has commenced. The first stage completion is scheduled for 2026-2027.

 




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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