In Ljubljana, a huge mixed-use project will see the creation of a new railway station, a new bus station, a hotel, a shopping centre, offices and apartments as part of the Emonika project. The public infrastructure project will be complemented by a private development by Mendota Invest, owned by Hungary’s OTP Real Estate Investment Fund. The project, which is worth nearly €500 million, was presented in Ljubljana by Sándor Csányi, CEO of OTP, Jernej Vrtovec, Slovenia’s Minister of Infrastructure, Zorán Janković, Mayor of Ljubljana, Dusan Mes, CEO of the Slovenian Railways and Janez Kozelj, Deputy Mayor of Ljubljana, Hungarian business daily Portfolio reports.

The impact assessment of the 2022 Russian invasion of Ukraine on the Slovenian construction market must take into account the current volatile situation associated with the pandemic. Even before the war in Ukraine started, building material manufacturers reduced their capacity, either due to logistics problems resulting from the global closure of countries or due to declining demand. As the last wave of the pandemic ended, supply failed to keep up with increased demand and construction material prices began to rise, writes Dr Aleš Pustovrh (Bogatin d.o.o.) for EECFA Slovenia.

People have started to return to their usual shopping destinations. That is reflected in the positive business development of SES Spar European Shopping Centers during the second year of the pandemic. Compared to 2020, significant growth was recorded in retail partner sales, visitor footfall and average spend per purchase. This positive upward trend was recorded by SES in all countries in which it operates centres. Despite the pandemic, in 2021, a total of €22 million was invested in maintenance and sustainable measures relating to the operation of the centres, as well as in project development.

CBRE South-Eastern Europe (CBRE SEE), a direct subsidiary of CBRE Group, has announced the establishment of a new local office in Ljubljana, Slovenia.

Slovak developer Corwin, the company behind the Kvartet residential neighbourhood and the recently unveiled Vilharia project, together with Hartenberg, a Prague-based company focused on investments in Central Europe, have acquired two substantial land plots in the prime locations within the inner city.

Slovak real estate developer Corwin announced that their Vilharia office project in Ljubljana has been awarded the LEED Platinum pre-certification. This means that the project fulfils the strictest energy efficiency, economy and user wellbeing criteria.

Fashion Outlet Slovenia is being developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sqm, 70 shops and several hundred new jobs will be created in two phases. The first phase will be opened in 2023 with phase two scheduled for 2026, ACROSS Magazine reports.

Cooperation between Slovak developer Corwin and Czech-Slovak investment company Hartenberg will comprise more than half a dozen real estate projects in Slovakia and Slovenia.    

Romania is expected to see only moderate growth on the horizon. Serbia, having recorded the biggest expansion of almost 100% in the 2014-2020 period, is foreseen to plateau in the upcoming years, according to the Eastern European Construction Forecasting Association’s 2021 Winter Construction Forecast Report.

In spring 2021, Hungarian FM provider B+N Referencia Zrt. acquired the interests of ISS Group in the Czech Republic, Slovakia, Romania and Hungary.  With this move, the Hungarian company group has become one of the largest facility operators in the region. As a logical continuation of this expansion, the company purchased a 100% stake in the Slovenian subsidiary of ISS.