Rodina LIVING



Lack of labour and suitable land for construction may discourage new investors
4 months ago,

Lack of labour and suitable land for construction may discourage new investors

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.

 

The interest of foreign investors is gradually shifting from western Slovakia to the northeast. The reason is the increasingly poor availability of labour around Bratislava, and also along the entire cross-country D1 highway to Žilina.

 

We are already handling interest in new investments, especially in the area of Banská Bystrica, Zvolen, and Ružomberok,” said Varačka as cited by the SITA newswire. “This is thanks to transport accessibility on the R1 motorway. But we are encountering a problem with insufficient preparedness of land that would be suitable for the construction of industrial parks. It is precisely in this area that CBRE sees opportunities for improvement of the situation in the future.”


More articles

Make-over for park in Bratislava’s Old Town

Make-over for park in Bratislava’s Old Town
Yesterday 10:36 am

Bratislava is to get another revitalised public space. The developer Corwin is renewing a neglected park on Kmeťovo Square in the Old Town borough. Works on the park, which lies between Bernolákova and Wilsonova Streets, have already started and should be complete by the beginning of the summer.

Main industrial regions report lack of accommodation capacity

Main industrial regions report lack of accommodation capacity
1 week ago

The main industrial regions in Slovakia are reporting a lack of accommodation capacity for workers. These are in the vicinities of industrial and logistics parks mostly along highways connecting Bratislava with Košice (D1), leading from Bratislava to the Czech Republic (D2) and the dual carriageway from Trnava to Banská Bystrica (R1).

Developer transforms former wine-making plant into a new centre for Bratislava’s Borough of Rača

Developer transforms former wine-making plant into a new centre for Bratislava’s Borough of Rača
2 weeks ago

The developer, belonging to the Bencont Group has already started pulling down the buildings and cleaning the three-hectare area. “We believe that Rínok Rača, which we will begin to construct soon, will be the new centre of the borough and will naturally fit into the life of its citizens,” said Martin Šimurda, representative of the developer Rínok Rača, as cited in the press report.

Bratislavans will be able to afford only a small flat with the new lending cap

Bratislavans will be able to afford only a small flat with the new lending cap
3 weeks ago

The new indebting rules tightened by the National Bank of Slovakia (NBS) will primarily impact citizens of the Slovak capital, Bratislava. They will be able to buy on credit, from an average wage, maximally a one-room flat in a new building or a two-room flat in an older block of flats. Other regions will be significantly less affected by the new lending cap, Poštová Banka has found out.

No office building completed in the first quarter in Bratislava

No office building completed in the first quarter in Bratislava
3 weeks ago

In the first quarter of 2018, the overall offer of office space in Bratislava reached almost 1.72 million square metres. The vacancy rate slightly decreased to 5.99 percent from 6.18 percent in the previous quarter. The lowest vacancy rate was in the Bratislava V district (3.22 percent), the highest in the Bratislava IV district (9.05 percent), the Slovak branch of the real estate services firm Cushman & Wakefield reported on April 20 as cited by the SITA newswire.

Second phase of the Bory residential project is in the pipeline

Second phase of the Bory residential project is in the pipeline
1 month ago

The developer Penta Real Estate is preparing the second phase of the Bory Bývanie residential project. It will create 287 apartments in nine, four- to six-storey blocks. It plans to launch the construction during the third quarter of 2018.

Bratislava’s Petržalka gets new market place

Bratislava’s Petržalka gets new market place
1 month ago

Petržalka, the most populated borough of Bratislava, has gotten a new roofed market place, Petržalská Tržnica. It is located in a reconstructed shopping centre of almost 5,000 square metres on Bratská Street. The new market place welcomed its first shoppers on Friday, April 6.