Growth drives investment in real estate

Bratislava is getting a new downtown area.

The area of Nivy has changed into a big construction site.  The area of Nivy has changed into a big construction site. (Source: TASR)

The changing skyline of Bratislava reflects the sound economic growth that Slovakia has been experiencing in recent years. A brand new downtown area has been rising in the former industrial zone on the edge of the old town, while new real estate projects, including Slovakia’s first skyscraper, a Silicon-Valley-style IT campus and a brand new city district, just to mention a few, are in the pipeline.

Slovakia reported the entry of Korean capital for the first time in 2019. As for sector specifics, logistics is an area highly sought after, but with low availability in this area, so there are few ongoing transactions. The retail segment is experiencing a similar situation. The office sector is dominant in the number of ongoing deals, which are at a different stage of the transaction process as a result of the abundance of newly built stock with attractive WAULTs (weighted average unexpired lease term), based on Cushman & Wakefield’s Slovakia data.

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