Since property asset managers deal with several types of property data and data entries on a regular basis, compromised data quality – whether it’s obsolete, incomplete, inaccurate, or contains errors – is a common issue. This isn’t a problem specific to real estate property management, it’s a problem with data management in general.
The next tower in downtown is a little closer to construction. The East Tower project, planned as part of the Eurovea City concept, has received a valid EIA final opinion and is moving into territorial proceedings. The developer of the project, the company J&T Real Estate, also obtained an opinion for the congress center, with which it originally considered the concept, but for the time being, does not count on it.
The real estate fund of the WOOD & Company investment group has become the new owner of the BBC 1 and BBC 1 Plus office buildings in the Bratislava central business zone. The group bought the administrative complex providing a total leasable area of 25,500 m2 from the Austrian real estate group CA Immo. The price of the transaction was not disclosed.
Developer HB Reavis is one of the companies that has been hit hard by the coronavirus pandemic. Preventive measures have affected key parts of the company's business, ie the construction and provision of administrative and retail premises. Despite the uncertainty, the developer continues to prepare a large office complex New Apollo.
Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.
Twin City Tower, an office building in Bratislava developed by HB Reavis and sold to a South Korean investor in 2019, has been awarded a WELL Core & Shell Certification at the Gold level and it’s the third-largest building in Europe to reach the standard.
It seems like the entire world has been shut down by the recent coronavirus outbreak. While the situation is unprecedented and dynamic, there are still some ways that property managers can get in front of the challenge and help their tenants stay safe and healthy. This is true for offices but even more true for multifamily and co-living properties, where millions of people are now sheltering in place around the world.
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