ARTICLES LABELLED WITH TAG Slovakia

Occam Real Estate wants to expand its development activities in Košice. After the successful acquisition of the 17,650 sqm BCT1 office building, which it bought in 2020 from the development section of the investment group Penta, it is now entering the residential development field with a €30 million project, reports the web portal reality.trend.sk.

The military boarding school Hviezda in Bratislava, also known as "Kukurica", has been dilapidated for many years. The iconic high-rise building from the 1970s has a distinctive architectural style yet is a local landmark. However, it may already be on the verge of being saved. The Ministry of Defence of the Slovak Republic (MoD) has started taking the first steps towards reconstruction, according to Slovak websites reality.trend.sk and yimba.sk.

Local developer Lucron has sold an entire residential building to an institutional investor for the first time. Part of the Arboria Apartments project implemented in Trnava, Slovakia, the building with 51 apartments was purchased by Kooperativa poistovňa, a.s. Vienna Insurance Group, which plans to lease it on a long-term basis.

The Railways of the Slovak Republic (ŽSR) intends to sell its railway hospital with a clinic and hostel in Trnavský Mýto in Bratislava. The sale will take place in the form of an electronic auction, which starts at a starting price of € 19.9 million excluding VAT, online daily trend.sk quotes the announcement of the tender published on the ŽSR website.

Realized prices of flats in Slovakia rose by more than 10 % in Q4 2021. Prices of sales recorded in the cadastre of the real estate continued to grow dynamically at the end of 2021, dwellings were sold more expensive by more than 10 % year-on-year, and prices rose by 3.6 % compared to the summer months, the Statistical Office of the Slovak Republic announced.

Panattoni Park Košice Aiport has expanded by a second hall. The first tenants have already taken over the area of around 6,300 sqm. The nearly 20,000 sqm hall was built by developer Panattoni in cooperation with investor Accolade. Erik Ivaničko, Panattoni's director for Slovakia, told the TASR news agency that the investment in the construction of the new hall is about € 17 million.

The main themes on Slovakia´s office, retail and industrial markets in the fourth quarter of 2021 were supply-side shortfalls and rising prices. However, the office market saw one of its strongest quarters yet as take-up soared. Cushman & Wakefield published its Q4 2021 snapshots for Slovakia’s office, retail and industrial sectors.

Lease transactions on Bratislava's office market reached approx. 98,000 sqm in Q4 2021, which represents a 124% increase in leasing activity compared to the previous quarter. The Bratislava Research Forum announced the office market figures for Q4 2021.

Real estate consultancy Colliers has appointed Oana Stamatin as ESG (Environmental, Social and Governance) Chief Officer in Central and Eastern Europe (CEE). 

A new development division of the Lekvi Group plans to build fifteen new retail parks in the region within five years. So far, this group of investors from the countries of the former Soviet Union has focused on the sale of apartments but now sees potential in retail parks in the Czech and Slovak Republics. The planned projects should cost CZK 1 billion, E15 reports.