This week, as an investor, Penta Real Estate submitted documentation for an environmental impact assessment (EIA) for a project with the working title Polyfunctional Ensemble Medze, which will be built in the Bratislava - Dúbravka district. At the same time, it prepares documents for obtaining a zoning decision. The start of construction work is scheduled for the third quarter of 2023.
WOOD & Company has obtained a loan of EUR 229.5m, one of the highest amounts in the domestic real estate market, to refinance the debt of the Aupark shopping centre in Bratislava. The financing will be provided by several European banking groups, all of which have operated historically in Slovakia.
Several modern office buildings are currently under construction in Bratislava. In 2020, the Pradiareň 1900 and Tower 5 buildings were completed, this year we can even look forward to 7 new office buildings with modern and first-class office space. We discuss the most interesting projects of them below.
Slovenská sporiteľňa Asset Management’s ERSTE Realitná Renta real estate fund has bought Zuckermandel’s office part from J&T Real Estate, a.s. This represents the 2019-founded fund’s first property portfolio acquisition.
One-way corridors, bumper zones around tables and transparent plastic partitions protect against coughing and snorting by colleagues. According to experts, all this may become a new office standard after the abolition of coronavirus quarantine measures, due to which many people started working from home.
Millenials are geared towards social interaction via online platforms. That’s why Spaceflow provides an app which facilitates strong bonding for property managers and tenants.
The Penta group closed the pandemic year of 2020 with a net profit of 134 million euros, while total assets of the portfolio companies reached 11.1 billion euros. Despite the pandemic, Penta invested 419 million euros in Capex for the development of its companies and projects. The group employs more than 43,000 people and has paid a total of 243 million euros in income tax and other social contributions.
The pandemic and the ensuing corona crisis have accelerated several trends in commercial real estate, such as flexibility of space and work styles. At HB Reavis, they have incorporated these trends into a unified concept and have been offering workspace to their clients as a service for four years, long before the pandemic itself. The last year, the office sector has passed a burdensome test, in which flexibility and innovation have proven to be key, whether for new or existing customers. The current business results of HB Reavis confirm that the interest in offices still persists, only the form of the clients' needs has changed.
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