A new residential project is planned for the free estate on Paulínska street in the centre of Trnava. Two five-floor blocks will go up, covering an area of 2,400 square metres, Reality Trend wrote.
The Paulínska Residence will provide 45 flats in a low-energy use building – nine of them one-bedroom, 26 two-bedroom, seven three-bedroom and three four-bedroom, with areas from 36 to 118 square metres. There will also be an underground garage with 50 parking places and 38 cellars, Reality Trend continued.
The prices of the flats range between €1,700 and €1,900 euros per square metre. Two-bedroom flats with an area of 60 square meters cost €113,000 and three-bedroom flats with an area of 75 square metres cost €133,000. Garage parking places cost €10,200. The investor in the project is Praedium SK, a company from Bratislava, Reality Trend stated.
Photo: Residence Paulínska
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.
Construction and expansion of shopping centres in Slovakia will continue. “Slovakia expects extensive construction and expansion of shopping centres in 2017 and 2018,” said Katarína Paule, head of the retail team at Cushman & Wakefield in Slovakia. “In 2017, there will be as much as 56,258 square meters in total to be completed, with 83 percent being new shopping centres, and 17 percent planned expansions of already existing projects.”
Arete Invest, a Czech investment fund focused on real estate, plans to invest around €30 million in Slovakia in 2018. It is considering new construction on industrial premises it already owns as well as new acquisitions. The company sees great potential in the Slovak market.
The new residential area of Slnečnice that is being built on the outskirts of Petržalka will get a new shopping centre, Slnečnice Market. There will be more than 30 shops, restaurants, cafés, a fresh produce market and others on 8,300 square metres. The first phase of the opening is planned for November 30 and the second for the following weeks. The centre will also offer 195 parking places for the public.
The new development that is rising on the premises of the former Bratislava Thread Factory, colloquially known as Cvernovka, is getting a new name – Zwirn. The new name symbolises a move forwards as well as connecting the whole zone with its history, claims the Slovak-Finnish developer YIT Slovakia. The factory has changed names several times over the years. It was called Pozsony Csernagyar, Pressburger Zwirnfabrik, Bratislavská Cvernová Továreň, Danubia, and Závody MDŽ 8. Marca.
A thorough refurbishment of the Trnavské Mýto pedestrian underpass, a dilapidated but significant hub of public transport in Bratislava, was launched on October 16. Works are projected to last nine months with the plan being to open the renewed underpass in mid July 2018. The work will be divided into phases in order that people can use the underpass during its revitalisation. The Immocap Group are the company responsible for the refurbishment and will invest €2.5 million into the project while Bratislava city council will provide €1.2 million for the purchase and installation of new escalators and lifts.
Coca-Cola HBC Česko a Slovensko, a company within the Coca-Cola Hellenic group, has sold its production and distribution premises of 155,000 square metres, including all technologies, in Lúka near Piešťany to Priemyselný Areál Lúka. The deal followed the decision of Coca-Cola to move its production from Slovakia to Austria. Both parties agreed not to disclose the value of the transaction.