IAD Investments’ Prvý realitný fond acquired the multifunctional New Stein building in Bratislava from MiddleCap Real Estate Ltd. The acquisition is one of the largest transactions of 2018 on the Slovakian real estate market. The transaction closed on October 25, 2018

Prague is becoming increasingly more expensive than Bratislava. Employees continue to earn more in the capital of the Czech Republic, though the cost of living is also rising, especially in regards to housing. This is evidenced by the results of research done by JLL, which compared the prices of apartments in both capitals.

In recent weeks, JLL has participated in three large-scale investment transactions in the Czech Republic and Slovakia. These were strategic acquisitions of Wood & Company's real estate fund (the real estate arm of investment group Wood & Company), which recently acquired three premium office buildings.

Park Inn by Radisson announced the reopening of the Park Inn by Radisson Danube Bratislava in Slovakia - after an extensive renovation over the last two years. The hotel is located in the heart of the historic centre, near to Bratislava Castle and the Danube River.

Prologis has begun construction of two new speculative facilities totalling 25,300 square metres at Prologis Park Bratislava. The developments include the 9,800 sqm Building 14, in which 2,900 square metres have been pre-leased by Blitshtein Trading, a food distributor to major markets in Central and Eastern Europe and the 15,500 sqm Building 20.

2017 was not the strongest year for Slovakia’s investment market but if all goes well we might see the previous record of €850 million being broken this year. Peter Nitschneider, Country Manager for Slovakia at JLL shared his expectations for the Slovak property investment market.

Modern technology has revolutionised the way we work and significantly altered the leasing process. Andrej Leontiev LL.M., Partner at Taylor Wessing analysed current trends on Bratislava’s office market from a legal perspective.

Owner Unibail-Rodamco plans to extend the Aupark shopping centre in Bratislava by 7,000 sqm. According to etrendk.sk, the developer has already filed documentation for a construction permit.

The total investment volume in Slovakia for 2017 was recorded at just under €525 million, with more than two thirds being closed in the second half of the year. The volume is below JLL‘s €600 million estimation as several deals did not close before the year end and will slip into 2018.

Total take-up on the Bratislava office market reached 84,000 sqm in Q4 2017, having tripled compared to the previous quarter. The vacancy rate continued to decline and reached 6.18%. The Bratislava Research Forum published its office market statistics for Q4 2017.