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”.
The prestigious architecture award Arch went to the Vallo Sadovsky Architects studio for the Nádvorie (Courtyard) project in Trnava involving reconstruction and extension of a set of historical buildings in the city centre.
After more than a 10 year break, construction work on the derelict skeleton of an unfinished shopping centre in Nitra will resume. The developer Living Park will rebuild it into a complex named Promenáda Living Park, combining shopping with housing. It has already obtained a construction permit, the SITA newswire reported.
Aupark, one of the first modern shopping centres in Bratislava, is to extend its premises. A new block, for which it has already obtained permissions, should add a new parking lot as well as extension of the retail area, the Trend weekly informs on its website dedicated to real estate.
The construction industry is a huge consumer of energy and generator of greenhouse gases. Thus, it is important to pursue green building to reduce these negative impacts. In Slovakia, green buildings and ecological construction make up 20-25 percent of all newly built real estate commented Martin Pribila, an expert in construction and green building in the discussion programme Tablet TV, hosted by the TASR newswire.
Despite geopolitical uncertainty and a slow down in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion, up from $1.5 trillion in 2017. Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital, came to this conclusion in their latest report.
Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.
The Austrian company Soravia has opened a new retail zone in Liptovský Mikuláš in northern Slovakia, the Retail Park Liptovský Mikuláš. It is 9,000 square metres and is the first investment by the Austrian developer outside Bratislava. The investment totalling €22 million has created 100 jobs so far.