As early as 2022, when banks started raising mortgage prices, the fewest apartments in new buildings have been sold in Bratislava since the economic crisis. The 2023 market figures are not optimistic either, DennikN.sk reports.

Developer Penta Real Estate has obtained the building permit for the next stage of its Bory residential zone, YIMBA.sk reports. The permit is not valid yet, however, the whole permitting process has run at full speed in this case.

The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.

Savills has strengthened its Investment team with a promotion and a new appointment. Fraser Watson has been promoted to the role of Head of Investment for the Czech Republic & Slovakia and Hugo Fischer has joined the Investment team as an Associate.

Plots with a total area of ​​4.5 ha at the intersection of Vajnorská and Odborárská streets in the neighbourhood of Istrochem in Bratislava were acquired by Penta Real Estate for an unspecified price in 2022. Through its subsidiary UNL, Penta has now submitted its investment plan to the authorities for an environmental impact assessment, reports DenníkN.

Industrial/logistics developer CTP has announced the 30,000 sqm expansion of CTPark Košice in Slovakia following two pre-lets.

In Bratislava´s Ružinov district, between Gagarinova, Mierová and Brodná streets, the construction of the Polyfunkčný objekt Mierová is planned, reports YIMBA.sk. This mixed-use project is being prepared by the developer RETEP, which has received a binding opinion from the city.

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.