REAL ESTATE BRIEFS

Watch for a retail revolution

Foreign investors are finally starting to look into developing Western-style shopping centers in and around the Slovak capital, according to Adriana Litomerická, the director of the Bratislava-based agency T&C, 1. Národná Aukčná Spoločnosť.

Litomerická said her agency is likely to strike a deal within six months with one of several investors seeking plots of more than 10 hectares in Bratislava's outlying districts and suburbs. She said all of the investors are interested in the Petržalka district .

"For all of them, it would be their first development in Slovakia, but most of them have experience in neighboring countries," Litomerická said.

For now, Bratislava is the only city attracting significant foreign interest in retail development, but Litomerická believes other cities may follow. "If we are successful with a foreign partner in Bratislava, I am sure we will continue cooperation and move to other towns." As evidence, she said the Austrian home improvement outlet Baumax is now building in Košice and Prešov and seeking space in Banská Bystrica and Žilina.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Dual quality in the EU will be punished

Slovakia’s Agriculture Ministry welcomed the change, calling it a victory.

Food prices keep falling.

Blog: Bringing top business minds and students together

Martin Kardoš of CSI Leasing introduces the Mentor Network Program aimed at pairing young talents with experienced mentors from the business world.

Martin Kardoš, Managing Director CEE at CSI Leasing, at one of the Mentor Network Program events.

Blog: What about parking slots for “brains”?

Will the state of biomedical research trigger reactions at least half as passionate as Bratislava's parking policy?

Illustrative stock photo