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.
“Eperia is our first project in the retail sector of such a size,” said Pavel Pelikán, executive director of the developer J&T Real Estate, as cited by Trendreality.sk.
Eperia, located in the business zone of the Sekčov housing estate, covers an area of 22,000 square metres and in terms of its size it is the 20th biggest in Slovakia.
It has brought more than 100 shops and services to Prešov including H&M, C&A, Lindex, Ecco, New Yorker, Yves Rocher and the Italian brand Sherri Hill, which is a novelty in Slovakia.
Fashion makes up the biggest part of the centre, accounting for 58 percent when the supermarket is not taken into consideration. Specialised shops for toys, sports accessories and bookshops make up almost 12 percent of the area while cuisine and food outlets account for more than 10 percent. Services have a 9-percent share.
It took J&T Real Estate 17 months to build the shopping centre while the project preparation itself goes back to 2007. The costs amounted to €50 million.
The shopping centre is managed by CBRE Slovensko.
“We assume that the opening of Eperia will finally satisfy the demands of Prešov’s citizens, whose purchase power has not been fully utilised so far,” said Peter Pohanka of CBRE, adding that until recently Prešov had at its disposal only 207 square metres of retail area per 1000 citizens while the Slovak average is as much as 842 square metres. The opening of Eperia has increased this average to 451 square metres.
The investor expects that about 12,000 people will visit the centre daily. Prešov itself has 90,000 citizens.
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.
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.”