Investors in Slovakia are becoming more interested in launching their projects on brownfield sites or old industrial premises, Martin Varačka, head of the department of industrial real estate at CBRE Slovensko, confirmed for the TASR newswire. Apart from their further use for manufacturing or warehousing, new functions including residential ones may also be found for such sites.
“If the market enables this, enlightened developers will be able to make loft apartments or offices from such buildings,” said Varačka. “It is up to the developer whether they want to keep the spirit of the place.”
The Ministry of Transport and Construction supports the further usage of former industrial premises, unused and devastated commercial real estate, unused military zones and other sites and land in urbanised areas as these can be used for functions that would otherwise require an unnecessary extension of built-up land.
Sub: Database of brownfields
The Slovak Environment Agency (SAŽP) is working on a database of degraded, abandoned and insufficiently used urban ecosystems. The aim is to have a database for 140 towns and cities in Slovakia and propose processes and measures leading to the repeated usage of brownfields.
To date, the agency has collected information about brownfield sites in all eight regional capitals including Bratislava, 17 towns in the Trenčín Region and seven selected towns (Bytča, Čadca, Kysucké Nové Mesto, Martin, Piešťany, Malacky and Ružomberok).
The agency has been working on the database since 2015. It should be complete by 2022 but the initial results may be made public as soon as 2019. After completion, the database would be accessible by the public.
In December the agency, in cooperation with Bratislava city council, is preparing an exhibition called “Degraded ecosystems – Brownfields in Bratislava”.
Company owners are searching for more effective solutions for managing their companies. One of such solution is shared office space; as much as 80 percent of companies using this solution put cost reduction as the reason. This way they save especially on costs needed for acquisition of offices and rentals, as well as repair and maintenance costs, a survey conducted by International Workspace has confirmed.
Extensive reconstruction of Mlynské Nivy Street in Bratislava and construction of a brand new central bus station, including an adjacent high rise office building, are progressing. Currently almost 450 workers of various professions and 18 cranes are working on it, the biggest construction site in central Europe at 4.4 hectares large. The developer HB Reavis still promises to launch the new bus station in late 2020.
In the former industrial zone on Račianska Street in Bratislava, next to the Lidl retail store, stands an old brick smokestack and concrete beams. These are the remnants of a long defunct parquet factory. Developer Corwin plans to replace the remnants with Guthaus, a residential complex with a new vision for housing quality.
Good office spaces keep employees happy at work, while having a modern, healthy and attractive office is also an efficient tool for recruiting new talent. Companies in Slovakia are aware what influence the working environment has on their employees and design their offices accordingly, show results of an annual competition organised by the real estate consultancy CBRE.
European commercial real estate investment volumes reached a record high of €312 billion in 2018. This represents a 0.3 percent increase on 2017, which was previously a record, when total investment volumes reached €311 billion, according to the latest data from leading global real estate advisor, CBRE.
Germany is the sixth European country in which the Slovak developer HB Reavis is active. In mid-February it announced two major acquisitions in Berlin and Dresden totalling 3.5 hectares. The announcement followed only a few days after media reported on the sale of some HB Reavis projects in the Czech Republic.
The oldest shopping mall in Bratislava, Polus City Center in Bratislava’s Nové Mesto borough, is undergoing major reconstruction. With an investment of €4 million euros, the interior and exterior of the shopping mall will undergo radical change.