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.”
In the centre of Martin, the construction of the new Galeria Martin shopping mall is close to completion with the opening slated for late November and the expansion of the existing Tulip shopping centre is to be finished shortly. In addition, the opening of the Eperia shopping centre is planned in Prešov and in Košice, the Stanica project will be expanded by more than 1,000 square meters.
In 2018 two shopping centres should be built. The 5,537-square metre Point shopping centre in Banská Bystrica will open during the first half of 2018 and the modernised Trnavské Mýto underpass in Bratislava should provide 1,350 square metres of retail space.
Expansions will also include the Europa project in Zvolen, which will be extended by 8,600 square metres.
The total area of shopping centres in Europe amounted to 160.8 million square metres during the first half of 2017. This means a decrease of 11 percent compared to the same period of 2016.
Photo: Galeria Martin
Source: Courtesy of Cushman & Wakefield
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.
The Czech investment fund Arete Invest, focusing on investment in real estate, is building a new warehouse for the international chain of fashion e-shops Factcool in the industrial park at Nové Mesto nad Váhom.