Slovak developer Immocap has secured €44 million of construction financing and €50 million of investment financing by UniCredit Bank for The Mill office project in Bratislava’s Mlynské Nivy. The completion of the project is expected in 2023.
We already have several logistics centers in Slovakia. But few of them can be proud of their synonyms: the area of the future. Such a park is located in the southern part of the town of Banská Bystrica, in the Kremnička district. If you are thinking about the exact location, we have a tool for you to get a better idea. The area is bounded on the west by the R1 expressway, from which two exits are accessible. From the northeast side there is a direct entrance to the first class road. The park is easily accessible from the center and suburbs and its perfect location offers excellent visibility from the R1.
Investments in commercial real estate in Slovakia copy the trend from abroad. "In the second quarter of 2021, we also recorded a high volume of investments, mainly due to the sale of Aupark, which accounted for almost 81 percent of the total volume of investments during this period," says Ľubor Procházka, Sales Director of CBRE Slovakia.
The launched area of the former Bratislava railway is gradually coming to life. Luxembourg-Slovak developer Lucron Development is starting the construction of residential houses called Urban Residence. Commissioning of the first stage of the project is planned for the beginning of 2018.
On Friday, the Slovak Chamber of Architects (SKA) presented nominations for the CE ZA AR 2021 award.
In the 20th year, an international expert jury selected from 81 submitted projects, nominated 18 selected works for the award, two of which found themselves in two categories.
The public will learn the winners of the award for a work of high quality that contributes to the development of architecture in Slovakia on October 7.
Vydrica in Podhradí, one of the most lucrative parts of the capital, should start changing its years of unattractive face this year. In the past, the inhabitants and visitors of Bratislava saw work on strengthening the castle gate and reloading the infrastructure of engineering networks.
On Thursday, July 22, Vydrica Development announced that it had obtained a building permit for the first stage buildings. The permit is valid and the construction of the first buildings could start this year.
The company was established. Vydrica was first bought by Avantv in 2018 as a joint venture by merging the landowner Vydrica with the development company Lucron. For example, they are building the Arboria project in Trnava or preparing the Nesto project in Bratislava. According to an informative extract from the Commercial Register, the shareholder of Vydrice, which has a registered capital of almost EUR 15.5 million, is Urbicom Invest.
The real estate market is constantly changing. With the advent of new regulations, green bonds and increasing pressure to invest in green funds, sustainability seems to be the biggest competitive advantage of the future.
Total investments in commercial real estate in Slovakia in the first half of 2021 reached €478 million, which almost equaled the volume of investments for the entire previous year.
According to preliminary data, the total volume of commercial real estate transactions in Slovakia reached €478 million in the first half of 2021, thanks to eight closed transactions, which represents an increase of almost 6% compared to the same period of the previous year.
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