ARTICLES LABELLED WITH TAG Slovakia

Eurovea Tower, the first skyscraper in Bratislava on the Danube embankment, has received usage approval. Construction of Slovakia’s tallest building was led by J&T Real Estate (JTRE) and completed less than four years after obtaining the building permit. Only apartment interiors and common areas need to be finished before properties are handed over in spring 2024, the developer announced. 

Slovakia’s economy surpassed expectations in H1 2023 with the automotive industry leading the charge. The industrial sector flourishes with robust take-up and diversified supply and there is also a continuous rise in rents in all submarkets. Resilient take-up but robust new supply caused rising vacancy, stabilized fit-out costs, rising rents and yields. Cushman & Wakefield published its Marketbeat Analysis for Q3 2023. 

A real estate bond sale in Slovenia worth €9.5 million was announced by Slovak property developer Corwin and Czech investment company Hartenberg operating in CEE.

Bratislava's residential new building market continued in stagnation during the period of Q3 2023. Sales remained at the same low level as in the previous two quarters, meaning fewer than 200 apartments were sold. The supply of new apartments increased only slightly, with a similarly slow rise in price to €5,100/sqm incl. VAT. The price increase is due to the arrival of new apartments in the higher housing segment while the average price of existing projects remains unchanged, reported analysts from Bencont Investments.

Czech BHM group continues its purchases in Slovakia. This time, according to Seznamzpravy.cz, the holding bought a logistics and production complex called Trenčín Industrial Park used by automotive suppliers. The group did not publish the price of the transaction. 

Roughly 280 apartments, but also new amenities. These are the two basic parameters of the R66 multifunctional complex from development company Corwin. The company has built and managed the Guthaus project in its neighbourhood on Račianska Street. Only a few tens of meters towards Rača, it also owns a large area of the former Palma factory, where a new local centre should be built.

Developer J&T Real Estate (JTRE) will soon start the construction of the Ganz House residential project as part of Bratislava's Eurovea mixed-use district.

A logistics complex is to be built in Bratislava's Petržalka district, which will create jobs for approximately 623 employees. This follows from the plan called Garbe Park Bratislava City, which the investor - the company SK5 Logimac - has submitted for environmental impact assessment (EIA). The estimated investment costs are approximately €30 million, writes the news portal of the Press Agency of the Slovak Republic TERAZ.SK. 

GalCap Europe has secured a new mandate to manage and reposition the Pressburg Trade Center in the Slovakian capital of Bratislava, the company announced on its LinkedIn page. 

Kaufland intends to significantly reduce CO2 emissions in the future in the construction of new stores. Therefore, the retailer is currently testing various alternatives to materials such as concrete and steel at pilot locations. In Bratislava, the company is opening the largest timber store in Slovakia. In Tuttlingen, Baden-Württemberg, a store is being built using recycled building materials including items such as walls, the facade, and the parking lot.