The developer Merius has brushed up its Semiramis Residence project which it plans to build in front of the Nové Mesto railway station and opposite Kuchajda lake in Bratislava. Its first attempt three years before failed as the local council did not grant it construction permission. The re-worked project with a price tag of €47 million is now undergoing an environmental impact assessment (EIA).
“We have divided the Semiramis Residence project into two identical buildings,” Merius wrote in its statement. “Simultaneously, we will build a park here with a lot of greenery. The new project will also provide a positive contribution to the extension of civic amenities.”
Originally the developer proposed to build a compact U-shaped building. The local council saw three main problems: the building was too big for this plot, it contained little greenery and did not solve the parking issues.
Based on the new design, the poly-functional complex consisting of two buildings will have a joint basement with three underground and 14 over-ground storeys. The developer is planning 278 housing units, 474 parking places, shops, restaurants and other amenities.
The Nové Mesto council promises to assess the new project properly.
The area surrounding Kuchajda lake is gradually filling up. Some years ago, the Koloseo residential project was built there. The IURIS Group is now building a block of flats as part of their Nido project on the crossroad of Trnavská and Tomášikova Streets.
In addition, the developer TriGranit is going to build a 22-storey Lakeside Park I office tower on the plot bordered by Vajnorská, Tomášikova and the tram terminal. Originally it planned to build four office towers but later, in response to the situation on the real estate market, it changed its mind and decided to construct only one more tower here although this has not started yet.
After more than a 10 year break, construction work on the derelict skeleton of an unfinished shopping centre in Nitra will resume. The developer Living Park will rebuild it into a complex named Promenáda Living Park, combining shopping with housing. It has already obtained a construction permit, the SITA newswire reported.
Aupark, one of the first modern shopping centres in Bratislava, is to extend its premises. A new block, for which it has already obtained permissions, should add a new parking lot as well as extension of the retail area, the Trend weekly informs on its website dedicated to real estate.
The construction industry is a huge consumer of energy and generator of greenhouse gases. Thus, it is important to pursue green building to reduce these negative impacts. In Slovakia, green buildings and ecological construction make up 20-25 percent of all newly built real estate commented Martin Pribila, an expert in construction and green building in the discussion programme Tablet TV, hosted by the TASR newswire.
Despite geopolitical uncertainty and a slow down in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion, up from $1.5 trillion in 2017. Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital, came to this conclusion in their latest report.
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.