Another project of changing industrial objects into living spaces is following projects such as Mlynica, Design Center Jarovce or Lofty Kominárska. Apartment house Ludwig is the first step in changing the compound of what was formerly Ludwig’s Mill between Metodova and Krížna streets near the shopping centre Central, Reality Trend wrote.
The first phase consists in reconstruction and extension of the 4-storey grain storage into 6-storey apartment house. On the ground floor will be spaces for offices and shops. In the remaining floors will be a total of 17 flats. The developer announced that the second and third floor will have lofts, Reality Trend reported.
For sale will be six 2-bedroom, seven 3-bedroom and four 4-bedroom flats, between 56 and 138 square metres each plus balcony or terrace. One square metre costs between €2,600 and €3,000, so flats will cost between €173,000 and €350,000. Included in the price of every flat is a parking place, and altogether 57 parking spots will be available, Reality Trend stated.
Reconstruction works will start in September. It should be finished by the end of next year, Reality Trend wrote.
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.
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.