VGP has announced the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm. The Saga Joint Venture will focus exclusively on key European markets, including France, Germany, the Czech Republic, Slovakia, and Hungary.

A multifunctional complex called Nový Majerhof is to be built in the Vrakuňa district of Bratislava, as TASR informs. The investor, Malý Dunaj Development, submitted the project for environmental impact assessment (EIA). Estimated investment costs are approximately €50 million.

The food court in the Europa Shopping Center in Banská Bystrica has undergone significant changes, reports Aktuality.sk. It offers bigger choice of F&B options, new premises and self-service ordering kiosks as improved UX for their customers.

The EHQ multifunctional complex on Bottova Street in Bratislava by local developer Immocap, consisting of an office and a residential part, was submitted for an environmental impact assessment (EIA), YIMBA.sk reports.

Following the extension of the Eurovea waterfront, JTRE presented its new project in Bratislava. The project called Downtown Yards will transform a former industrial site into a residential area. Sales and construction will start next year, and the project already has a building permit.

Penta Real Estate has begun construction works on a new office building in Bratislava‘s Chalupkova zone at the beginning of December, ASB reports.

At the peak of the construction season, there were double-digit year-on-year drops in the issuance of building permits and approvals, the Statistical Office of the Slovak Republic reports. The number of started dwellings was significantly behind even the pre-pandemic period, but the completion was higher. The pace of completion and the start of construction slowed year-on-year in up to 6 regions.

The new OC Tehelko shopping centre, part of the National Football Stadium complex in Bratislava, was opened by developer Grafobal Group, owned by businessman Ivan Kmotrík, INDEX reports.

The completion of Garbe Green Park Piešťany in Slovakia is close as Garbe has secured a third loan for the finalisation. The loan from Oberbank is in the volume of €14.6 million.

Savills has appointed Ondřej Míček as Head of the Industrial Agency for its Czech and Slovak operations from December 2023. Since joining Savills as a consultant concentrating primarily on industrial space leasing, Ondřej has expanded his role to cover industrial sales, land acquisitions and data centres.