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Bratislava's socialist hotel will be transformed into a multifunctional building with office space and apartments. Its redevelopment is now planned by the developer Imoba fin, writes the Slovak daily Hospodárské noviny. However, further details regarding the price and timetable have not yet been revealed.

Prague's famous brutalist-style Intercontinental Hotel is undergoing a complete renovation. After the reconstruction, the hotel will operate with sustainability principles and will become part of the Fairmont chain, the daily E15.cz reports without mentioning the price of the planned reconstruction.

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.

Obermeyer Helika, a design and construction consultancy firm, has completed its work as general designer for the redevelopment of part of the former Světovar brewery in Pilsen. The TechTower Technology Park, which was built there, is open from 1 February 2023 to those interested in innovative entrepreneurship and offers unique spaces for technology enthusiasts, start-ups and experienced entrepreneurs.

Zeitgeist Asset Management continues the complete reconstruction of the almost 100-year-old Dunaj Palace on Národní třída in the centre of Prague. The aim is to return the building to its original splendour and refinement from the 1920s. According to the developer, the spirit of the time in which the building was built will be preserved, but the building will be equipped with the most modern technologies of today. The developer announced that the building will be ready for occupation at the end of 2023.

In 2022, Ukraine will participate in Expo Real for the first time. The event will host a pavilion with an area of ​​132 sqm dedicated to Rebuilding Ukraine. The organizing partner of the stand is Invest in Projects, a global promoter of the Ukrainian real estate industry.

There are strange dances around the reconstruction of the baroque Savarin Palace in the centre of Prague. The CZK 10 billion project has been approved by the city's conservationists and city councillors and the first phase of the project is already underway, according to the builders. However, the Ministry of Culture has now rejected the project, saying it would threaten the city's conservation area, the Czech News Agency (ČTK) reports. Therefore, Culture Minister Martin Baxa has a request on his desk from the construction company Crestyl to review the decision of his officials, as company spokesman Ondřej Micka confirmed to Property Forum today.

CPI Property Group is going into large-scale renovations of shopping centres to reduce costs and improve food courts. The Nisa shopping centre in Liberec is to undergo extensive reconstruction for a cost of CZK 1 billion. The Futurum shopping centre in Hradec Králové is to be modernised at a cost of CZK 200 million. This is another of the planned modernisations of shopping centres to make them more attractive to customers and bring higher profits, reports the daily E15.

After the beginning of the Russian invasion of Ukraine, real estate developers in Kyiv stopped working on construction sites and focused on defence processes. They handed over their equipment and materials for the construction of protective structures, created volunteer organizations, etc. By now, after the de-occupation of the settlements around the capital and the relative stabilization of the situation in Kyiv, some developers began to resume work on construction sites. Iryna Nastych summarised the situation in an article prepared by the Ukrainian Real Estate Club for Property Forum.

The war launched by Russia on February 24th is still going on in Ukraine. Infrastructure facilities are being damaged every day. The cost of damages that experts share changes daily. According to the Centre for Economic Policy Research, the total expenses for reconstruction will range from $220 billion to $540 billion, writes Anna Nestulia, Principal at Invest in Projects for Property Forum.