ARTICLES LABELLED WITH TAG Slovakia

Union Investment and GARBE Industrial Real Estate jointly acquired the first logistics property for their “UII Garbe Logistik Fonds” investment fund. The seller is the Karimpol Group, a privately held property developer active in Eastern and Central Europe for over 30 years. It was agreed not to disclose the financial details of the transaction.

Austrian company Karimpol Group officially launched the construction of the Squarebizz Bory project in Bratislava which will include retail, storage and office space. Peter Šmitala, Project Manager at Karimpol Slovakia talked to Property Forum about the project and the company’s future plans.

Total take-up on the Bratislava office market reached 37,000 sqm which represents a year-on-year increase of 19.5%. As the pandemic slowed down, retail leasing activity also returned and with it the surge in footfall and turnovers. Total quarterly industrial/logistics take-up recorded a strong 22% year-on-year growth, reaching 146,300 sqm. Cushman & Wakefield published its Q2 2021 industrial, office and retail market reports focused on the Slovak market.

ZDR Investments Group has acquired the Tesco hypermarket in Senec, east of Bratislava, from Tatra Asset Management. Cushman & Wakefield represented the seller in their divestment.

Slovak developer Immocap has secured €44 million of construction financing and €50 million of investment financing by UniCredit Bank for The Mill office project in Bratislava’s Mlynské Nivy. The completion of the project is expected in 2023.

Czech asset manager BH Securities, through its BHS Real Estate Fund, is investing in a new logistics park near Bratislava in cooperation with Panattoni.

After securing the largest commercial loan in over a decade on the Slovenian real estate market, Bratislava-based developer Corwin has realised the first drawdown for the residential project Kvartet.

Residential developer Lucron has sold the entire retail part of the Urban Residence project in Bratislava to Slovak group Coopex Hold. After the complete occupation of facilities and their sale, the entire Urban Residence is already in private hands.

Lease transactions in Q2 2021 on Bratislava’s office market reached 37,000 sqm, representing a 19% increase year-on-year. Bratislava Research Forum announced the office market figures for Q2 2021.

According to the last few months’ most active investor on the Slovak market, investment activity is returning to normal. Martin Šmigura, investment manager of WOOD & Company’s real estate operations in Slovakia, talked to Property Forum about the company’s recent investment deals and shared his market expectations.