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.
Prices of apartments in Bratislava have increased to their highest level since the crisis, the real estate agency Lexxus has discovered. Based on its latest residential real estate analysis, Slovaks are prepared to pay still more for apartments. This is because they fear further increases in real estate prices as well as the impact of measures taken by the National Bank of Slovakia (NBS). These may worsen accessibility of housing for the middle classes from January.
Although Slovakia has so far been able to attract new investors, in the not so distant future it may have problems with the placement of further investments. The reasons for this are the steadily declining availability of labour, the very slow development of road infrastructure and the lack of readiness of land suitable for the development of industrial parks, according to Martin Varačka, director of the industrial real estate division of the real estate consulting company CBRE in Slovakia.
Foreigners coming to Slovakia to work for the manufacturing industry try to live as economically as possible. They often do not arrive with their families and only work for a short period of time.
The Apollo 1 business centre on Prievozská Street in Bratislava is suffering from stability problems and will be pulled down and replaced with a new development. The demolition should start in March 2018 and be completed by the spring of 2019. This time-line stems from the plans of its owner, the company Smart City Centre, published as part of the ongoing environmental impact assessment (EIA) proceedings. Demolition work is expected to cost about €3.1 million.
UNIQ Staromestská, a new office building in Bratislava’s Old Town, has successfully undergone demanding environmental certification. Only five months after getting approval for construction works, the project by the developer Cresco Group received the LEED Gold certificate.
Prešov, as the last regional capital, has finally gotten a bigger shopping centre. The Eperia Shopping Mall opened on Friday, November 24. During the first weekend about 70,000 people visited, the Trendreality.sk website reported.
Residential development Sky Park in Bratislava, one of the last projects of now deceased prominent world architect Zaha Hadid, will be bigger than originally planned. It will now have four instead of three residential towers. The fourth tower will be built on the neighbouring plot bought by the developer earlier this year. The extension is now undergoing an environmental impact assessment.