ARTICLES LABELLED WITH TAG Slovakia

Realized prices of flats in Slovakia rose by more than 10 % in Q4 2021. Prices of sales recorded in the cadastre of the real estate continued to grow dynamically at the end of 2021, dwellings were sold more expensive by more than 10 % year-on-year, and prices rose by 3.6 % compared to the summer months, the Statistical Office of the Slovak Republic announced.

Panattoni Park Košice Aiport has expanded by a second hall. The first tenants have already taken over the area of around 6,300 sqm. The nearly 20,000 sqm hall was built by developer Panattoni in cooperation with investor Accolade. Erik Ivaničko, Panattoni's director for Slovakia, told the TASR news agency that the investment in the construction of the new hall is about € 17 million.

The main themes on Slovakia´s office, retail and industrial markets in the fourth quarter of 2021 were supply-side shortfalls and rising prices. However, the office market saw one of its strongest quarters yet as take-up soared. Cushman & Wakefield published its Q4 2021 snapshots for Slovakia’s office, retail and industrial sectors.

Lease transactions on Bratislava's office market reached approx. 98,000 sqm in Q4 2021, which represents a 124% increase in leasing activity compared to the previous quarter. The Bratislava Research Forum announced the office market figures for Q4 2021.

Real estate consultancy Colliers has appointed Oana Stamatin as ESG (Environmental, Social and Governance) Chief Officer in Central and Eastern Europe (CEE). 

A new development division of the Lekvi Group plans to build fifteen new retail parks in the region within five years. So far, this group of investors from the countries of the former Soviet Union has focused on the sale of apartments but now sees potential in retail parks in the Czech and Slovak Republics. The planned projects should cost CZK 1 billion, E15 reports.

Savills has signed an association agreement with Modesta Real Estate, located in Vienna, to support its continued expansion across Europe and the Middle East. Modesta Real Estate will collaborate with Savills to service existing clients whilst liaising with Savills offices and other partners in CEE to build relationships across the wider region. Modesta Real Estate also has an office in Bratislava and will be collaborating closely with Savills’ Czech office to ensure further service delivery in Slovakia.

Tatra Asset Management has acquired the Hexagon retail park in Žarnovice, Central Slovakia from Hexagon Retail s.r.o. The new owner of the Hexagon retail park with an area of 3,600 sqm is a real estate fund managed by Tatra Asset Management, which with this acquisition has expanded its portfolio to 11 retail parks operated under the Lipa Park brand.

Developer J&T Real Estate (JTRE) has completed the almost three-year construction of Bratislava’s tallest residential building and the Klingerka project has been issued a usage permit.

Total investments in commercial real estate in Slovakia in 2021 exceeded €750 million which exceeded the volume of investments in the pre-crisis year 2019. Prime yields decreased over the past year, confirming the attractiveness of investing in the commercial real estate market in Slovakia, says Cushman & Wakefield.