News Article Bratislava development financing JTRE loan mixed-use residential Slovakia UniCredit VÚB banka
by Property Forum | Residential

VÚB banka and UniCredit Bank have provided developer J&T Real Estate with a €105 million syndicated loan for the construction of Eurovea’s extended residential part, which will include approximately 500 apartments in Eurovea Tower - Slovakia’s very first skyscraper - and waterfront residences (Eurovea Riverside). This loan is one of the largest granted for a Slovak development project in recent years. Dentons prepared the contract documentation.

Added to the market last summer, 70% of Eurovea Tower and Eurovea Riverside apartments have already been sold. Construction work broke ground in December 2019 and currently, the underground floors are being built.

In addition to the two residential buildings, the Eurovea expansion project also includes two office buildings with 40,000 sqm combined leasable area, 25,000 sqm additional retail space and 1400-car underground parking. A new 25,000 sqm waterfront park will environmentally expand the popular Danube promenade and a new activity park will revitalise the area below Apollo Bridge. Pribinova Street will be transformed into a tree-lined city boulevard and a lush square will welcome residents to the skyscraper’s entrance. The ribbon should be cut at the enlarged shopping centre in 2022, with the whole project completed in 2023.