ARTICLES LABELLED WITH TAG Slovakia

Bratislava-based investor-developer Synapsis Property Ventures is preparing a set of 37 family houses, with the aim of creating community family housing, near the Slovak capital’s Knižkova dolina area. Each house will have approximately 140 sqm of net usable area. The estimated investment of the project is €20 million.

Penta Real Estate announced the finalisation of their newest land acquisition in the centre of Bratislava. The company bought a 3-ha (30,000 sqm) plot of land that is bordered by Mlynské nivy, Chalupkova and Košická streets. The seller is HB Reavis. Both parties have agreed that the amount of the transaction will not be disclosed. 

IAD Investments' Prvý realitný fond has acquired the Pribinova 19 office building, which is part of the Eurovea City waterfront district in Bratislava. It is a technologically advanced administrative and commercial building with a green park with a fountain, benches, playgrounds, and a zone for dog walkers. The price of the transaction was not published.

In the first quarter of 2023, the total office stock in Bratislava represented 2.02 million sqm. Compared to the previous quarter, the prime rent rose to the level of €17.5/sqm/month, the Bratislava Research Forum reports.

Slovakia´s tallest building, Nivy Tower, has received the Gold Smart Building Certification. It is the first time that this kind of certificate was awarded to a CEE building, HB Reavis announced.

Analysts at Bencont Investments have recorded sales of only 197 apartments in new buildings in Bratislava in Q1 2023. According to them, the unit price of available apartments remained at €4,900/sqm. In Q1, the supply consisted of as many as 3,229 vacant apartments in new buildings. Realisation prices increased by 20% year-on-year, but there was a 1.43% quarter-on-quarter decrease. Q1 2023 was thus still marked by weakening demand, according to the quarterly real estate market analysis of Bencont.

According to speakers of Bratislava Property Forum 2023, many investors are in the price discovery phase, waiting to see what’s next. Nevertheless, during the debate, participants mentioned many inspiring possibilities that could drive investors to the Slovak market.

After 13 years of operation, Eurovea will become the largest shopping centre in Slovakia as its extension is set to open on May 25th. The centre reports an occupancy rate of 95% and promises to bring new brands and innovative concepts. The developer J&T Real Estate is now completing work on most of the buildings in the second phase of the Eurovea project.

JLL and iO Partners have announced today that JLL will transfer its existing Leasing, Capital Markets, Valuations Advisory, Consulting and Project Management delivery businesses to iO Partners in Romania, Czech Republic, Hungary and Slovakia.

Analysts from Bencont Investments have calculated that the first quarter of 2023 in Bratislava's newly-built residential market will be in a similar spirit as the second half of 2022, writes sita.sk.