Six investors, representing the most active players of the Slovak property market, discussed the experiences of the pandemic period and shared future strategies at Bratislava Property Forum 2020, an annual event co-organised by Property Forum and RICS.

Penta Real Estate has successfully completed the sale of Bory Business Park project to the Karimpol Group development company. The land with a total area of 60,000 sqm is located in the new Bory district in Bratislava and was sold together with a building permit. The project allows the construction of retail space with the possibility of combining showrooms, offices and storage. Both parties have agreed that the transaction value will not be disclosed.

Penta Real Estate’s Sky Park Tower in Bratislava, a high-rise office building designed by Zaha Hadid Architects, has a building permit issued and is currently awaiting its legal force.

Gorkého 4 Offices in Bratislava’s Old Town, located in the building of the former Chamber of Commerce, has secured its first tenant. Wood & Company will lease the space from owner Kooperativa insurance company, a member of the Vienna Insurance Group. The new tenant will move in in the coming weeks.

Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.

Take-up on the Bratislava office market amounted to 26,000 sqm in Q1 2020 which represents a 58% decrease compared to Q4 2019. The Bratislava Research Forum (JLL, CBRE, Cushman & Wakefield and Colliers International) published the office market figures for Q1 2020.

PNK Group, an international industrial real estate developer, concluded the sale of two of its modern industrial buildings with a total area of 45,000 square meters in its industrial park near Bratislava. The facilities in PNK Park Sered’, providing a regional base for Polish fast-fashion conglomerate LPP and German-based manufacturer in automotive industry Wegu, were acquired by the REICO IS ČS on behalf of ČS nemovitostní fond, for €30.6 million.

Colliers International has been assigned to assist YIT Slovakia in leasing the Pradiareň 1900 office building. After the opening, Colliers International REMS will be assisting the developer with property management.

J&T Real Estate is moving forward with the extension of the Eurovea mixed-use complex. The foundation work is progressing and the contractor selection process has concluded.

Due to the uncertainty surrounding the coronavirus situation Property Forum has decided to reschedule its spring events – Bratislava Property Forum, SEE Property Forum and Prague Property Forum – to autumn 2020.