ARTICLES LABELLED WITH TAG Slovakia

Shopping centres in Slovakia grew this year both in footfall and turnover, and rents also rose. This is according to the latest quarterly report by CBRE. According to the report, there are currently more than 2.36 million sqm of shopping centres and retail parks in Slovakia.

In the second quarter of 2023, the total office stock in Bratislava represented 2.02 million sqm, unchanged from Q1 2023. 17% of total stock consists of class A+ office space, 38% of A class, and 45% of class B office space, reports the Bratislava Research Forum. 

Synapsis Property Ventures plans to build a new type of hotel at the entrance to Železná studienka in the office zone next to ESET's headquarters in Bratislava. The plan has already received a positive investment decision from the City of Bratislava. The total cost of the construction is estimated by the developer to exceed €50 million. The project is co-financed by Tatra Banka. 

Bratislava's downtown has a new tall building. The Mill, by developer Immocap, is nearing completion and recently took down the scaffolding to reveal the final form of the high-rise project, real estate website yimba.sk reports.

Developer J&T Real Estate is currently completing the Eurovea II project in Bratislava and the new multifunctional Ganz House project could soon be underway too, real estate website yimba.sk reports.

The neglected premises south of the National Bank of Slovakia building should soon change. A new development has been in the pipeline since 2018. Originally, the developer was Penta Real Estate. At the beginning of 2022, however, the plans in the locality were transferred to the portfolio of the new company Alto Real Estate, which was created by splitting off from Penta, yimba.sk reports.

Rebounding industrial production and easing inflation are helping the Slovak economy to avoid recession. In the industrial market, it is visible robust construction growth and demand surge. The office sector is resilient but vacant subleased spaces are increasing, while the rental rates are stable amid yield increases. Nevertheless, Slovakia's retail sector is facing challenging dynamics as market limitations amplify alongside a cautious expansion trend, largely due to geopolitical and economic uncertainty, Cushman & Wakefield reports in its Marketbeat Analysis for Q2 2023.

Austrian company XXXLutz plans to build a new store in the north of the Slovak capital near the new Bory Hospital, writes HNonline.sk.

Developer Penta Real Estate is progressing in the construction of a new quarter in Bratislava Bory. The zone is gradually growing, with residential buildings, retail objects and necessary amenities being added. After a period of wild growth without an obvious unifying concept, the first signs that Bory will one day resemble a real city are beginning to appear, YIMBA.sk reports.

Czech investment group Enern and Lincoln Property Company, an American company operating in the European market including Slovakia, have started construction of a new office project in Warsaw called The FORM. The project was purchased by the new owners in 2021 from Penta Real Estate. Its financing includes recently issued bonds worth €30 million with an annual coupon of six and a half percent, which are managed and secured by J&T Bank. The bonds are listed and traded on the Bratislava Stock Exchange, trend.sk reports.