ARTICLES LABELLED WITH TAG Slovakia

Penta Real Estate has sold three real estate projects in Bratislava. The buyer is former Penta co-owner Jozef Oravkin, who left the group at the end of 2021 to set up his development and investment company, Penta announced in a press release.

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.

New laws on spatial planning and construction will replace the nearly half-century-old 1976 Construction Act in Slovakia. The National Council of the Slovak Republic approved them on Wednesday with a large number of changes compared to the original form, along with a related amendment to the Competence Act, reports webnoviny.sk.

Bratislava's iconic Pradiareň 1900 building is now wholly owned by investment group RSJ, which has bought the entire stake of the other co-owner YIT Slovakia. The total value of the transaction is approximately €35 million. RSJ announced the change in ownership structure on its website.

Nearly 100 more apartments for young people are being built in Bratislava's Ružinov district as part of the NUPPU project. The YIT Slovakia development group continues the project's construction with the next stage, Magnolia 2, the company confirmed to Property Forum today. 

Arcadis is changing the ownership and as of April is owned by its current management in the Czech Republic. The new name of the company is now Grinity, the company announced.

As a result of the war in Ukraine, almost all companies are dealing with completely new situations and facing unexpected problems. The experts of the first panel of Bratislava Property Forum 2022 discussed how investment strategies have to adapt to the new situation.

The end of April marks one year since the announcement of the acquisition of the Aupark Bratislava shopping centre.  The actual change in the shareholder structure took place on 27 May 2021, after the financial and investment group Wood & Company bought a stake in Aupark from Unibail-Rodamco-Westfield (URW). The acquisition, worth a total of €450 million, has been hailed as the largest real estate transaction in Slovakia's history up to this date. The real estate fund AUP Bratislava, which was established in connection with the transaction, announced the amount of revenues for the year 2021.

The third fund of the Arete Group has completed the acquisition of a production site in Beluša, Slovakia, which is leased by Booster Precision Components. The value of the transaction exceeded €10 million, the company announced on its website.

Penta Real Estate is planning a new development on the banks of the Danube in Bratislava. Therefore, the company has acquired land from HB Reavis with a total area of 85,000 sqm. The price of the transaction was not disclosed. The new acquisition was reported by news portal Trend, which is part of the NMH publishing house owned by Penta Investments.