After withdrawing its application for an important investment statute for the Connected Bratislava package of projects, the developer J&T Real Estate (JTRE) is continuing to work on selected projects on the Danube River embankment. Instead of an extensive package of projects on both sides of the Danube, it is now focusing on the zone around Eurovea and Panorama City.
The developer has included all the projects between the Old Bridge, Apollo Bridge and Landérerova Street under a new name, Eurovea City. It promises interconnection with quality public spaces and a new tram line, Reality.etrend.sk wrote.
“The basis is the extension of the current Eurovea with new retail spaces, offices and apartments,” said Peter Korbačka, director of the board of directors of JTRE, adding that the extension will also include new public spaces – a promenade on the Danube embankment, parks and a new sport grounds.
In all, the planned projects of Eurovea City will provide - including the existing Tower 115, Panorama City, Panorama Business and the first phase of Eurovea – 1,470 apartments, 95,000 square metres of retail space, 285,000 square metres of office space and a congress centre 8,500 square metres large.
Construction of the first phase, which will include extending the shopping centre, new office blocks and the first skyscraper in Bratislava at 168 metres high, should start in late 2018 or early 2019 and finish in 2021. Part of the first phase includes a city boulevard with a cycling path and reserve for a tram line.
During the following phases the developer will construct other, smaller, buildings. Among these will be a smaller congress centre to provide space for holding medium-sized events for between 1,500-2,500 people. Such a space is currently missing in Bratislava.
The whole zone may house 3,000 people while about 40,000 people may work here in total. The visit rate may double from the current average of 35,000 to 65,000 per day.
The public spaces are being designed by renowned architect Beth Galí from Barcelona. She will introduce concrete plans in the autumn.
Korbačka, who bought Eurovea four years ago, considers this development to be one of the liveliest places in Bratislava and which, by its significance and activities, is something more than a common development. Its original developer was Irish Ballymore Properties and it created space, which people began to like and use.
“This is why we thought of how to move Eurovea further,” said Korbačka.
Photo: Courtesy of JTRE
At the end of 2018, the offer of housing units in newly finished apartment buildings in Bratislava hit a low since 2002-2005, when this market started developing in Slovakia. This resulted in an increase of average prices of apartments.
The iconic building of the British retail chain Tesco department store in the centre of Bratislava has changed hands. The new owner of the building is the Mirage Shopping Center company of Žilina-based businessman George Trabelssie. Since 2016 the retail chain Tesco has sold five department stores across Slovakia. Trabelssie, who is close to former chair of the Slovak National Party (SNS) Ján Slota, acquired Tesco department stores also in Nitra and Žilina, the Hospodárske Noviny business daily reported. Tesco will continue to operate in the building on Kamenné Square as it will rent the premises.
The reconstruction of the Park Inn by Radisson Danube hotel in Bratislava has become the ugliest new building constructed between the years 2011 and 2018. As much as almost one third of 1002 participants in a survey organised by the website Trend Reality of the economic weekly Trend voted for it. The weekly launched the survey in early December. Its goal was to start a discussion and hold up a kind of mirror to developers.
Prices of apartments grew at a two-digit pace in Slovakia in 2018. The average price of an apartment increased from €1,479 per square metre to €1,655 per square metre during the first 11 months of 2018. This means an increase of €176 per square metre or 11.9 percent, Vladimír Kubrický, analyst with the Real Estate Union, told the TASR newswire.
Bratislava’s Old Town has gotten a new square. It is part of a new office-residential complex called Blumental, built by the development company Corwin. It is flanked by streets Mýtna and Radlinského and interconnects with them. It was named after mediaeval King Matthias Corvinus, Matej Korvín Square.
Bratislava is scheduled to get a new landmark within a few years. The developer J&T Real Estate (JLRE) has obtained a development permit for the project of extending Eurovea on the Danube embankment. Included is the 168-metre high Eurovea Tower, the first building in Bratislava that meets the latest criteria for being called a skyscraper, i.e. higher than 150 metres. The residence tower will have 47 storeys and have almost more than 380 residential units. The project will add 84,000 square metres of retail premises to the existing ones in the first phase of Eurovea, the Hospodárske Noviny wrote.
The Saudi-Arabian company Sisban has started building a brand new logistics park near the village Chocholná-Velčice in the Trenčín Region. Sihoť Park will spread over 160,000 square metres, while investments are projected at €50 million. This is the company’s first investment in Slovakia, the TASR newswire reported.