ARTICLES LABELLED WITH TAG Slovakia

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.

Within 10 or 12 years, Penta wants to complete its brand new Southbank mixed-use project in Bratislava. The commencement of the construction of Southbank now depends on the permitting process and ongoing changes to the master plan, which are being overseen by the Bratislava City Council. Once the zoning changes are approved, construction could start within 1.5 to 2 years, estimates Michal Rehak, Business Director of Penta Real Estate Bratislava. According to him, the company does not want to disclose the cost of the project or the detailed schedule until the new Bratislava master plan is approved.

Wood & Company is starting to improve its Aupark shopping centre in Bratislava. It plans to expand it with three more retail units and open the space to other global brands, startitup.sk reports.

Czech group of real estate funds ZDR Investments has strengthened its position in the Slovak market. The company has acquired a retail park in Topoľčany for its Public fund. The acquisition expanded the Group’s portfolio to 64 properties with a total value of more than €516 million, ZDR announced.

Ervin Palfy, Country Manager Slovakia at Arnold Investments talked to Property Forum about CEE investment market trends and the growing popularity of cross-border deals.