The 'mega projects' of bratislava

Prospective investors are keeping a close on Bratislava’s exciting construction boom…

As a result of the huge demand for residential properties, there are many interesting ‘mega projects’ under construction in Slovakia’s capital city, reports Andras Patkai of CEInvest:

South City
This 7500 unit behemoth is being built by he Slovak Cresco Group, and will be constructed on 90 hectares of land in Petrzalka at will cost SKK 50 billion (EUR 1.5 billion), with a completion date projected for 2017.

Twin City
At a cost of SKK 17 billion (EUR 531 million), this huge project will contain a 4-star hotel, 320 apartments, and 200,000 m2 of leasable space for office or retail use, while radically transforming the central bus and coach station. Projected completion date – 2011.

Panorama City
Set to become one of the tallest building complexes in Slovakia, the SKK 9 billion (EUR 281 million) Panorama City, began construction in November, 2007, and is situated next to the new Slovak National Theater and Eurovea. The complex will contain 450 apartments, 7300 m2 retail space, 6500 m2 offices, a 4-star hotel, a wellness center and 25m swimming pool. Projected completion date – 2011.

River Park
This is already under construction on the bank of the Danube at a cost of The SKK 7 billion (EUR 220 million). 30,000 m2 of land will house 220 luxury apartments, shops, offices and the 5-star Kempinski Hotel. Projected completion date – 2008.

Other ongoing projects in Bratislava include:

• Three Towers in Bratislava III - 211 luxury apartments in three spectacular glass and steel towers.
• 400 new apartments in the Lipovy Haj development.
• Slovany building complex on Racianske Myto -  a 41-floor residential tower and a restaurant at the top.

In a recent interview, Economic and Monetary Affairs Commissioner Joaquín Almunia praised Slovakia’s economic convergence: “Slovakia has achieved a high degree of sustainable economic convergence and is ready to adopt the euro on 1 January, 2009.

“However, to ensure that the adoption of the euro is a success, Slovakia must pursue its efforts to maintain a low-inflation environment, be more ambitious with regard to budgetary consolidation and strengthen its competitiveness position.

“It must also now speed up its practical preparations to ensure that the changeover takes place smoothly, as it did in Cyprus and Malta in January 2008."