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.
One of possible buyers is allegedly the British developer Lordship. They own the adjacent Hotel Kyjev which they plan to rebuild along with other real estate in its vicinity.
The retail chain admits that the department store, opened in 1968, needs significant investment for its modernisation.
Tesco acquired the building from the American company K-Mart in 1996.
Both the department store and the hotel were designed by prominent Slovak architect Ivan Matušík.
Photo: Jana Liptáková
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.
Interest in the acquisition of recreational real estate has increased over the last three years. The demand has been spurred by the activities of developers in this sector.
In a short period of time the eastern Slovak town of Prešov has acquired another shopping centre. After the 22,000 m2 Eperia, with more than 100 shops, opened last November, the Solivaria shopping centre, close to the bus station, was ceremonially opened on March 15. Built on the 10,500 m2 site of the former industrial premises of ZPA Křižik, it offers 20 shops and 296 parking places. Its construction cost €20 million, Lýdia Kulíková from the company Prešov Park, informed.
Small, especially one-room, apartments and bed-sits are maintaining the highest prices in Bratislava. The price of two- and three-room apartments has decreased moderately. The interest in family houses and construction parcels is still high while demand exceeds availability.
The new city quarter growing in Bratislava’s Petržalka borough is popular among those looking for new housing. Last year people bought a total of 565 apartments there. This number accounted for more than 11 percent of all new apartments sold in Bratislava in 2017.
It is no surprise that a good working environment can motivate better performance from employees. Thus companies, during this time of qualified labour shortage, are endeavouring to improve the working environment for their employees as much as possible. To reflect this development, the real estate consultancy company CBRE Slovensko organises a competition for the best office. The Profesia company, running the biggest job portal in Slovakia, has won its second year. Among other companies given awards are the IT company Sygic and the business-services organisation EY.