JTRE project reflects market trends in Bratislava

26
Jul
2024
News - JTRE project reflects market trends in Bratislava #Bratislava #JTRE #office #residential #Slovakia

by Property Forum | Residential

Developer J&T Real Estate is requesting a construction change permit for the Downtown Yards project, SME.sk reports. Along with minor changes, there is an important one reflecting a trend obvious since the outbreak of the COVID-19 pandemic.


JTRE has been preparing the permitting process for several years. The project brings 656 apartments and suites in residential buildings. The tallest residential tower should have 27 floors. From Plátenícká Street, the architects designed five independent multi-functional buildings. They should include shops, service establishments, smaller offices, and a kindergarten. A 35-floor office tower should also be built in the second stage. The development will be served by a three-floor underground garage with a capacity for 1,721 cars.

Currently requested changes include redesign of public spaces and adjustment of landscaping. The facades of several buildings are also to be changed, and other materials will be used in part of the project. According to the new changed plan, the second to fifth floors will no longer serve as office spaces, but short-term accommodation facilities, the hit of Bratislava resi projects in recent months as the office segment of the real estate market in Bratislava was significantly affected by the pandemic, the later inflationary crisis, and the increase in interest rates. 

The first stage of Downtown Yards should be completed between 2026 and 2027. The developer has already started selling apartments. The price of one-room apartments start at €213,000, while the price tag of the most expensive four-room apartment exceeds €900,000.




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  • Banca Transilvania has renewed its lease for 1,200 sqm in AFI Park Timișoara, in a deal brokered by Cushman & Wakefield Echinox.
  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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