ARTICLES LABELLED WITH TAG Slovakia

Developer Penta Real Estate is progressing in the construction of a new quarter in Bratislava Bory. The zone is gradually growing, with residential buildings, retail objects and necessary amenities being added. After a period of wild growth without an obvious unifying concept, the first signs that Bory will one day resemble a real city are beginning to appear, YIMBA.sk reports.

Czech investment group Enern and Lincoln Property Company, an American company operating in the European market including Slovakia, have started construction of a new office project in Warsaw called The FORM. The project was purchased by the new owners in 2021 from Penta Real Estate. Its financing includes recently issued bonds worth €30 million with an annual coupon of six and a half percent, which are managed and secured by J&T Bank. The bonds are listed and traded on the Bratislava Stock Exchange, trend.sk reports.

Tatra Asset Management, the largest mutual fund manager in Slovakia, and real estate company Alto Real Estate are joining together in their ventures focused on leasing office space, reports reality.trend.sk.

Bratislava's socialist hotel will be transformed into a multifunctional building with office space and apartments. Its redevelopment is now planned by the developer Imoba fin, writes the Slovak daily Hospodárské noviny. However, further details regarding the price and timetable have not yet been revealed.

CPI Property Group announced the signing of nearly €500 million of new secured bank loans in 3 CEE countries. CPIPG currently has new bank loans in Poland, the Czech Republic as well as Slovakia.

Garbe Industrial Real Estate CEE has signed a lease agreement comprising 18,000 sqm with GPV, an electronics manufacturing services partner. GPV will occupy the entire building in the Garbe Green Park Piešťany. The building is currently under construction and will be finished this month. Adjustments related to the customer’s operation will be completed by the end of the year. This park that is located 80 kilometres from Bratislava will be fully let and developed.

Prologis wants to help customers run their warehouses more efficiently and compete better. Therefore, it is launching Essentials, a new platform that aims to simplify the lives of companies, increase the efficiency of their warehouse operations and ultimately contribute to more functional global supply chains.

The Slovak government has approved the Ministry of Economy's proposal to allocate €21 million to prepare three industrial parks in Slovakia through MH Invest.

Proxenta's latest residential project, Kesselbauer, is being finalised these weeks. The luxury residence right in the centre of Bratislava has already completed all the construction works and only the landscaping in the courtyard remains. The project is now in the approval phase and the approval process is expected to be completed in a few weeks, real estate portal YIM.BA reports.

The number of foreign investors that will appear in Slovakia depends on several key factors like the stability of the country, the availability and price of labour, and the cost of utilities and only then by the real estate market’s specifications, said Martin Varačka, Partner at Space Brokers SK in an interview to the Property Forum.