This summer construction work on a new residential district called Soho Park will begin. Family houses and blocks of flats should be completed by the end of next year on the site of a former high school in the Hadovce district, Reality Trend wrote.
The development company, Best Life Invest, has already launched the sale of plots for the individual construction of family houses. On offer are 20 areas ranging from 990 to 1,500 square metres priced from 46.80 euros per square metre including connection to utilities.
“The construction work for the utility connections will start in July and we plan to finish by the end of August,” said Miloš Kuchár as quoted by Reality Trend, co-partner of the development company.
The second phase should begin in September – the construction of two family houses and 62 flats. The sale of the one- to four-bedroom houses is planned for the spring of next year. The prices will be about 1,200 euros per square metre. The buildings will use thermal pumps, solar and photovoltaic panels, Reality Trend stated.
The developer also plans to reconstruct the former dormitory building of the school as a retirement home, if an administrator can be found, Reality Trend wrote.
“If not, we plan to build smaller flats for younger people,” added Kuchár as quoted by Reality Trend.
The whole of Soho Park has an area of 5.5 hectares’ and it will be gated with a controlled entrance and protected by a security camera system. Besides that, children’s playgrounds, nursery schools, a park with a water feature and a bistro café are also planned, Reality Trend informed.
Photo source: Sohopark.sk
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).
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.
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.
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.
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.
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.
The British retail chain Tesco is continuing the sale of its department stores, former Priors, in Slovakia. Following the sale of its stores in Žilina, Nitra, Prešov and Košice the retail chain is now selling its last piece of real estate in Slovakia, the department store My (We in English) on Kamenné Square in Bratislava. Tesco Stores SR has confirmed negotiations with potential buyers, the Trend weekly reported.