Reality Trend reported that Park One, the fully occupied administrative building at the corner of 1. Máj Square and Kollárovo Square in the centre of Bratislava, was sold by its Luxembourgian owner for €35.6M to the ČS real-estate fund administered by the investment company, Reico of Česká sporiteľňa.
Park One is the registered office of significant international companies such as Amazon, the Zurich Insurance Group, L’Oreál and CBRE (a real-estate consulting company which represented the previous owner, the Falcon II Fund.) The developer invested €22M into the 9-floor administrative building which was opened in 2007 with a rentable area of 13,200 square metres and a 4 level underground garage with 167 parking places.
Marián Mlynárik, the head of the real-estate investment department at CBRE told Reality Trend, “We were pleased to be involved in the sale of this premium administrative building in the centre of Bratislava. This real-estate offers good perspective and long term income potential.”
Václav Kubáček, the head of acquisitions at the real-estate department of Reico IS ČS told Reality Trend that, “The building at Park One is an important addition to the Slovak portfolio of the ČS property fund.” The fund was established in 2007 and is the biggest and oldest real-estate fund of its kind in the Czech Republic, with more than 50,000 shareholders at the close of 2016.
Currently there are only two supermarket chains operating in Ilava, CBA and Lidl. Now the German supermarket chain is planning to replace its old shop with a completely new store to be built on the same street, only 500m from the original.
A new shopping centre at the Senica Retail Park was opened a few days ago by the development group VIWO. It sits alongside pre-existing retailers such as Kaufland, Family Centre, hobbi and Tanker.
The intention to build a new block of flats on the previous site of Matador in the Petržalka district of Bratislava has been announced and construction works are due to begin in the third quarter of this year after a suitable building company has been chosen, reports Reality Trend. The Matadorka project envisioning 335 flats and apartments was conceived by the development company of the architects VI group.
Nine out of ten Slovaks own the property in which they live. Within Europe, only Romania has a higher ratio. In Germany and Austria, it is approximately 50:50.
Immocap, the company behind the Central shopping centre in Bratislava, is preparing a new aquapark project in the surrounds of Piešťany. The developer estimates that construction work could begin in 2018. Their ambition is to create a relaxation complex which would attract hundreds of thousands of visitors per year, wrote TREND Reality.
In most parts of Slovakia there has been an inter annual price rise for residential real estate.
Koral, a new combined shopping and entertainment centre, was opened at the end of December with the aim of attracting customers to spend their free time there, the Reality.etrend.sk website reported.