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SLOVAKIA Penta purchases site for new Bratislava district

Land acquisitions
Slovakian developer Penta Real Estate has announced that it has acquired 8.5 ha along the south bank of the Danube in Bratislava from HB Reavis.

Both parties have agreed not to disclose the value of the transaction. The area is situated between Starý most (the Old Bridge) and Prístavný most (Port Bridge). Penta has revealed that it is planning to develop housing and offices with public amenities on the acquired land.

This transaction is part of a strategic expansion in which we want to strengthen our long-term position as a major developer on the Bratislava real estate market. We perceive the area as very important for the development of the capital, where our ambition is to create a counterpoint to the business centre and the emerging downtown on the other bank of the Danube. Historically, larger and longer-term projects have proven their worth to us, one of which is, for example, the newly emerging Bory district, which we are building in the west of Bratislava. That is why we have decided to enter into this great plan, as building this type of project will take decades.
Juraj Nevolník, the CEO of Penta Real Estate Slovakia

Construction work on the project, which is currently in the preparation process, is expected to start within three years.

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