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.
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.
Investors in Slovakia are becoming more interested in launching their projects on brownfield sites or old industrial premises, Martin Varačka, head of the department of industrial real estate at CBRE Slovensko, confirmed for the TASR newswire. Apart from their further use for manufacturing or warehousing, new functions including residential ones may also be found for such sites.
The average price of flats in all eight Slovak regional capitals increased over July. Nevertheless, the increase of a mere €8 per square metre, from €1,613 to €1,621 per square metre, is the lowest month-on-month increase over the last few months. Thus, the expectations of Vladimír Kubrický, analyst for Realitná únia, have been fulfilled after he predicted that, following the tightening of conditions for taking out mortgages introduced by the National Bank of Slovakia as of July 1, 2018, there would be a stabilisation of prices.
Investors invested almost €500 million into commercial real estate in Slovakia during the first half of 2018. This almost equals investments for the whole year of 2017, which amounted to €535 million, the data of the real estate consultancy company JLL indicates.
One Fashion Outlet 1 near the village of Voderady, the biggest outlet centre in Slovakia, has filed for bankruptcy, the Trend weekly informed. The further fate is now in the hands of the courts.