ARTICLES LABELLED WITH TAG Slovakia

Industrial developer CTP's net rental income amounted to €452.1 million in 2022, which was an increase of 38.3% year-on-year, while like-for-like rental growth was 4.5% last year, mainly driven by reversion on expiring leases and renegotiations, and supported by the 2021 indexation of 1.7%. The company's annual profit decreased by 22.4% from €1,025.9 million in 2021 to €796.5 million in 2022.

REICO ČS Nemovitostní fund (RČSN) has renewed its portfolio. After purchasing the multifunctional property Bořislavka Centrum in Prague and the logistics park Panattoni Park Tychy DC2 last year, it has now proceeded to sell the Office Box office building in Bratislava, one of its longest-held properties. The building was purchased by MOVYS Invest, a Slovak company which focuses primarily on providing services in the telecommunications sector.

This year, Mint Investments will continue focusing on creating above average returns with minimum risk for its investors in the Czech Republic and Slovakia. Katarina Lindbergh, Partner of Mint Investments discussed this year’s plans for new residential projects in Prague and Bratislava with Property Forum.

According to Cushman & Wakefield, 2022 witnessed a recovery in commercial real estate investment activity in CEE, with the year closing marginally up compared to the previous year. Total investment volumes in Central and Eastern Europe came in at €10.7 billion, up by 6.6% year-on-year. With more than €5.7 billion worth of deals, Poland continued to lead the way across the region.

The Kaufland Marketplace will go live in Slovakia on February 15. Under the domain Kaufland.sk, online sellers will then have another sales channel than Germany available to them. The Kaufland Marketplace will also be launched in the Czech Republic in a few months. The marketplaces will be managed via the all-in-one solution Kaufland Global Marketplace, the company announced.

Lease transactions in the Bratislava office market in the fourth quarter of 2022 reached a total area of 54,532 sqm, which represents around a 41% increase in leasing activity compared to the previous quarter, the Bratislava Research Forum reports.

Despite many negative factors, Q4 2022 showed that the economy in Slovakia should grow by 1.8% in 2022. Energy prices were stabilized, inflation peaked and we could see the increase in yields. The Slovak industrial sector remained once more the most resilient real estate segment and experienced very solid performance in 2022. In the same period, the lack of new supply resulted in lowered vacancies in offices. Overall retail park projects dominate both this year’s new supply and future retail development with limited space for larger retail schemes due to high saturation. Cushman & Wakefield published its market reports for Q4 2022.

Developer Garbe Industrial Real Estate CEE has completed the construction of the first building of its industrial park in Piešťany, Slovakia. The new development is in line with the company’s sustainable philosophy and the hall's roof features photovoltaic panels, which will be the primary renewable energy source.

Arete Group has signed a loan agreement for more than €100 million with the consortium of Czech and Slovak banks – one of the largest banking groups in the Czech Republic and Slovakia - Česká spořitelna and Slovenská sporiteĺňa.  

VGP has secured a major tenant for the first phase of its VGP Park Bratislava project. The just-completed Hall "A" has been leased by Dirks Consumer Slovakia, a logistics company focused on online sales of pet food and supplies.