The new development that is rising on the premises of the former Bratislava Thread Factory, colloquially known as Cvernovka, is getting a new name – Zwirn. The new name symbolises a move forwards as well as connecting the whole zone with its history, claims the Slovak-Finnish developer YIT Slovakia. The factory has changed names several times over the years. It was called Pozsony Csernagyar, Pressburger Zwirnfabrik, Bratislavská Cvernová Továreň, Danubia, and Závody MDŽ 8. Marca.
“The new name Zwirn stems from the original name of the thread factory and carries in it the tradition of the function of this area, which we certainly do not want to forget,” said Milan Murcko, general director of YIT Slovakia as cited by the Denník N daily.
The fact however is that the developer failed to agree with the community of artists, architects and other so-called creatives about the right to use the name Cvernovka for the new development. The community registered the name as a trademark in late 2015 even before YIT Slovakia acquired the premise. The negotiations about the possible usage of the name of Cvernovka for the development failed on the price.
YIT Slovakia bought the former Bratislava Thread Factory in November 2015. Last year it selected architects from the Bratislava-based studio Compass Architekti via an international competition to design the project for these premises.
Of the former factory only the protected spinning mill, Pradiareň, and the engine house will be preserved. Pradiareň will be converted into office and retail space. The engine house, called Silocentrála in Slovak, will become a café and a congress hall. YIT Slovakia also plans to build about 700 flats in the area.
Photo: Courtesy of YIT Slovakia
Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.
The Austrian company Soravia has opened a new retail zone in Liptovský Mikuláš in northern Slovakia, the Retail Park Liptovský Mikuláš. It is 9,000 square metres and is the first investment by the Austrian developer outside Bratislava. The investment totalling €22 million has created 100 jobs so far.
At the end of the second quarter of 2018, apartments under construction numbered 76,000 in Slovakia. This is the highest number since 1996 when the Slovak Statistics Office began to register this data. Because the figure for residential real estate under construction in the early 1990s was low, figures from the second quarter of this year are the highest since the launch of independent Slovakia in 1993, the Trend weekly reported.
Construction of a brand new bus station and the extensive reconstruction of Mlynské Nivy Street are going according to plan.
The PNK Group, an international developer of industrial and logistics real estate from Russia, has joined the European real estate market by constructing a new industrial park called PNK Park Sereď in western Slovakia. Spanning 45,000 square metres of industrial space, the park offers premises for various uses: storage, distribution centres and light industry assembly halls.
After the British carmaker Jaguar Land Lover (JLR) announced its plan to build a brand new plant in Nitra, local real estate prices skyrocketed. Now the situation seems to be calming down. This is because the central bank has tightened conditions for taking out mortgages as well as developers announcing projects for the construction of new apartments.
The Czech investment fund Arete Invest, focusing on investment in real estate, is building a new warehouse for the international chain of fashion e-shops Factcool in the industrial park at Nové Mesto nad Váhom.