Residential developer Lucron has sold the entire retail part of the Urban Residence project in Bratislava to Slovak group Coopex Hold. After the complete occupation of facilities and their sale, the entire Urban Residence is already in private hands.
Lease transactions in Q2 2021 on Bratislava’s office market reached 37,000 sqm, representing a 19% increase year-on-year. Bratislava Research Forum announced the office market figures for Q2 2021.
Total investments in commercial real estate in Slovakia in the first half of 2021 reached €478 million, which almost equalled the volume of investments for the entire previous year.
Austrian privately held development company Karimpol Group officially launched the construction of the Squarebizz project in Bratislava. The first phase consists of 15,000 sqm of retail, storage, service and showroom facilities accompanied by up to 2,000 sqm of offices in three separate buildings. A second construction phase will extend the Squarebizz Bory by another 15,000 sqm of modern flexible space plus offices.
One of Slovakia’s and the region’s largest developers continues to focus on mixed-use projects across its markets. Pavel Pelikán, Executive Director at JTRE talked to Property Forum about the company’s recent transactions, ongoing projects and the UK business.
Wood & Company has obtained a loan of €229.5 million, one of the highest amounts in the Slovak real estate market, to refinance the debt of the Aupark shopping centre in Bratislava. The financing will be provided by several European banking groups, all of which have operated historically in Slovakia.
GLP has leased 20,000 sqm of logistics space across two logistics parks in Czech Republic and Slovakia. The company is developing further GLP Parks in Ostrava and Brno, with an additional two developments in the pipeline for next year.
Slovenská sporiteľňa Asset Management’s ERSTE Realitná Renta real estate fund has bought Bratislava-based Zuckermandel’s office part from J&T Real Estate. This represents the 2019-founded fund’s first property portfolio acquisition.
In early May, developer Mint Investments began preparatory works on the Metropolis residential project in the centre of Bratislava. Local lender Tatra banka has been selected by the company to provide a loan of €42 million for the construction of the project. The planned completion date of the project is Q4 2023.
One of the world’s largest IT companies has picked New Apollo, currently under construction by HB Reavis in Bratislava’s New Nivy zone, as the new home for its Slovak operations. The new tenant will occupy almost 30,000 sqm of the building’s 48,000 sqm.
Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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