Rodina LIVING



Fashion e-shop will get a new warehouse in western Slovakia
4 months ago,

Fashion e-shop will get a new warehouse in western Slovakia

The Czech investment fund Arete Invest, focusing on investment in real estate, is building a new warehouse for the international chain of fashion e-shops Factcool in the industrial park at Nové Mesto nad Váhom.

 

The Slovak market is an advantageous investment destination for our fund and our investors,” said Lubor Svoboda, co-founder and chairman of the administrative board of Arete Invest, as cited by the SITA newswire, adding that the investors are expecting upper standard yields.

 

Construction of the €11 million warehouse that will serve the region of central and eastern Europe started in July. It should be put into operation next April. Thanks to a sophisticated storage system, it will offer more than 60,000 square metres of storage on several levels over 16,500 square metres. In total, 100 people will find work here.

 

Factcool and Arete have signed a rental contract for 10 years.

 

Arete Invest is also negotiating with other tenants, who could take up the remaining free plots for construction.

 

As well as the extension of the Arete Park at Nové Mesto, the investment fund is negotiating the construction of two brand new premises worth €15 million and plans other acquisitions in the future as well.

 

Photo: Courtesy of Arete Invest

 


More articles

Offer of new apartments in Bratislava hits new low

Offer of new apartments in Bratislava hits new low
2 days ago

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.

Tesco in Bratislava centre changes hands

Tesco in Bratislava centre changes hands
1 week ago

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.

Reconstruction of the Danube hotel tops the list of the ugliest new buildings

Reconstruction of the Danube hotel tops the list of the ugliest new buildings
2 weeks ago

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.

Apartments report two-digit increase in prices in 2018

Apartments report two-digit increase in prices in 2018
3 weeks ago

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.

The new square in the Blumental development is named after mediaeval King Matthias Corvinus

The new square in the Blumental development is named after mediaeval King Matthias Corvinus
3 weeks ago

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.

Will Bratislava gets its first modern skyscraper?

Will Bratislava gets its first modern skyscraper?
1 month ago

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.

Sihoť Park being built near Trenčín

Sihoť Park being built near Trenčín
1 month ago

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.