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
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.
Slovak-Finnish company YIT Slovakia has launched the sale of apartments in the third phase of the STEIN2 project in Bratislava. For the first time, there are apartments with terraces on offer. The final building approval is expected during the last quarter of 2018.