News Article Emonika mixed-use OTP Slovenia
by Property Forum | Retail

Mendota Invest, OTP Group's subsidiary has received a final building permit for a mixed-use complex at the heart of the Slovenian capital. Construction work will begin in March. The estimated value of the entire investment is more than €350 million. The entire project is expected to be completed by the end of 2026.

Mendota Invest has received the final building permit for the construction of Emonika, an urban complex that will include a shopping centre, business premises, hotels, and apartments. Emonika will be located in the heart of Ljubljana's city centre, at the intersection of Dunajska, Vilharjeva and Masarykova streets, right next to Ljubljana's main train and bus stations. 

The investor of the Emonika project is Mendota Invest, which is owned by OTP, Hungary's largest banking group. Although the construction of Emonika will take place in parallel with the construction of Passenger Center Ljubljana (PCL), the two projects are not connected and do not have the same investors.

“Emonika is OTP Group’s major investment in Slovenia. There has never been a commercial real estate project of such complexity and scale in the capital,” said Sándor Csányi, Chairman and Chief Executive Officer of OTP Group.

The complex will feature 187 apartments, including penthouse apartments with city views. The apartments will have their own parking spaces and storage rooms.

In the northern part of the complex, there will be 15.000 sqm of office space. Capacity will also be supplemented by the highest office building in Ljubljana in the southern part, which will provide 20.000 sqm of additional office space. In addition to the office building, there will be a shopping centre with an area of 21.500 sqm and 80 retail shops. The complex will also include two hotels - the first with three stars and more than 180 rooms and the second with four plus stars and more than 200 rooms and serviced apartments. 

The complex will be one of the first multi-purpose buildings in Ljubljana with a BREEAM certificate and a "very good" rating.

CBRE has been appointed as an exclusive leasing consultant for office and retail space. It will also provide retail consultancy services for this project.