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.
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.
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.
Deck: The flagship project includes lots of green space and above-standard materials for the flats in three villas.