Proxenta completes resi project in Bratislava

29
Apr
2022
News - Proxenta completes resi project in Bratislava #Bratislava #development #reconstruction #residential #Slovakia

by Property Forum | Residential

The former bank atrium on the corner of Vysoká Street and 1st May Square in Bratislava has undergone an extensive transformation in recent months. The investment group Proxenta has successfully brought it to completion in just six months. The building with modern apartments in high standard has been built, writes online daily reality.trend.sk.


The premises of the bank atrium began to be reconstructed in June 2021 immediately after obtaining a building permit. The construction work lasted six months, and at the end of the same year the developer, the Proxenta investment group, applied for the building's approval. The renovation did not fundamentally change the appearance of the building, only its function. Instead of office space, 37 apartments were created in the building, of various sizes and layouts, from starter one-room apartments through investment two-room apartments to a magnificent five-room apartment with a large terrace and a luxurious view. Currently, Proxenta already has a valid building permit.

Proxenta originally bought the building to provide office services, but later reconsidered its intention. "I think we did very well. Changing office space into apartments, which are often located in lucrative locations, is likely to be a new development trend given the continuing shortage of new apartments on the market," says Martin Škodáčka, Proxenta's development director. His words are confirmed by sales. At the time of completion, the building was largely sold out. "The last four of the 37 apartments are available today," says Lucia Szabóová, Sales Manager of Proxenta Group's development projects, adding that three commercial premises on the ground floor are also available for those interested, suitable for setting up a retail or service operation.




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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