Construction of a brand new bus station and the extensive reconstruction of Mlynské Nivy Street are going according to plan. While the transformation of the street into a boulevard should be complete by the autumn of 2019, the bus station won't be finished until 2020, representatives of the developer HB Reavis and Bratislava city council said, after checking the construction site on September 18.
“In May we launched the rebuilding of the infrastructure on the southern part of Mlynské Nivy Street, where we are renewing public water mains, gas pipes, electric mains, optical cables, cables for public lighting as well as the road itself,” said Jakub Gossányi from HB Reavis, as cited by the TASR newswire.
Reconstruction of Mlynské Nivy Street is divided into two phases with the second one starting in late autumn. After the reconstruction, the street will have one extra lane in each direction, an underground roundabout, cycling routes, new pavements and greenery.
The developer is reconstructing Mlynské Nivy Street at its own cost while its investment into the infrastructure of the whole zone of Nové Nivy is estimated at €40 million.
In terms of the bus station, the construction of the 125-metre office tower, the Nivy Tower, is the most advanced. The body of the bus station itself should be complete within a year.
The bus station will be a combination of an international bus terminal, a shopping centre, a market hall and the office tower.
The total investment into the Stanica Nivy project is projected to be €345 million.
At the end of 2018, the offer of housing units in newly finished apartment buildings in Bratislava hit a low since 2002-2005, when this market started developing in Slovakia. This resulted in an increase of average prices of apartments.
The iconic building of the British retail chain Tesco department store in the centre of Bratislava has changed hands. The new owner of the building is the Mirage Shopping Center company of Žilina-based businessman George Trabelssie. Since 2016 the retail chain Tesco has sold five department stores across Slovakia. Trabelssie, who is close to former chair of the Slovak National Party (SNS) Ján Slota, acquired Tesco department stores also in Nitra and Žilina, the Hospodárske Noviny business daily reported. Tesco will continue to operate in the building on Kamenné Square as it will rent the premises.
The reconstruction of the Park Inn by Radisson Danube hotel in Bratislava has become the ugliest new building constructed between the years 2011 and 2018. As much as almost one third of 1002 participants in a survey organised by the website Trend Reality of the economic weekly Trend voted for it. The weekly launched the survey in early December. Its goal was to start a discussion and hold up a kind of mirror to developers.
Prices of apartments grew at a two-digit pace in Slovakia in 2018. The average price of an apartment increased from €1,479 per square metre to €1,655 per square metre during the first 11 months of 2018. This means an increase of €176 per square metre or 11.9 percent, Vladimír Kubrický, analyst with the Real Estate Union, told the TASR newswire.
Bratislava’s Old Town has gotten a new square. It is part of a new office-residential complex called Blumental, built by the development company Corwin. It is flanked by streets Mýtna and Radlinského and interconnects with them. It was named after mediaeval King Matthias Corvinus, Matej Korvín Square.
Bratislava is scheduled to get a new landmark within a few years. The developer J&T Real Estate (JLRE) has obtained a development permit for the project of extending Eurovea on the Danube embankment. Included is the 168-metre high Eurovea Tower, the first building in Bratislava that meets the latest criteria for being called a skyscraper, i.e. higher than 150 metres. The residence tower will have 47 storeys and have almost more than 380 residential units. The project will add 84,000 square metres of retail premises to the existing ones in the first phase of Eurovea, the Hospodárske Noviny wrote.
The Saudi-Arabian company Sisban has started building a brand new logistics park near the village Chocholná-Velčice in the Trenčín Region. Sihoť Park will spread over 160,000 square metres, while investments are projected at €50 million. This is the company’s first investment in Slovakia, the TASR newswire reported.