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.
“Bratislava will get an underpass with new design, architecture and services appropriate for the 21st century,” said Bratislava Mayor Ivo Nesrovnal, when announcing the launch of construction works. About 30,000 people cross the underpass daily.
Last year Bratislava councillors chose the Immocap Group, which built the nearby Central shopping mall, as the future tenant of the underpass crossing. Part of the deal is its complete reconstruction.
Based on the rental contract signed last November, the Immocap Group has rented Trnavské Mýto for 15 years with an option of five years for one euro annually. The condition is that it invests at least €1.01 million ex VAT into its refurbishment.
During the reconstruction, all seven entrances into the underpass will be renewed. Old escalators will be replaced by new ones and lifts will be built in order that the underpass becomes barrier-free for people in wheel-chairs as well as people with prams.
After the reconstruction, Trnavské Mýto should house a grocery store, a news-stand and fast food stalls. There will be a 24-hour video surveillance system, guards and a paid WC. There will also be electronic tables with information about incoming and outgoing buses and trams.
“We want to bring to Bratislavans a new, safe, barrier-free, attractive underpass which, apart from shops and services, will also bring space for living and where it will be possible to spend time in a pleasant way,” said Peter Lukeš, head of the board of directors of the Immocap Group.
In November, the city plans to launch revitalisation works on the surface of Trnavské Mýto. It will partly renew the tram stops and footpaths. It also plans to remove stands near bus stops and the market hall.
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.