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S IMMO AG

01/12/2021 | Press release | Distributed by Public on 01/12/2021 03:06

Successful property purchase in Bratislava

S IMMO AG was closing out 2020 with another purchase by acquiring a property spanning roughly 12,000 m² in the district of Petržalka near the centre of Bratislava (SK). The company plans to develop an office project with about 22,000 m² of lettable space at this site along with an associated complex that will offer parking spaces and multi-functional areas. The acquired plot is conveniently located directly on the main road that connects the northern and southern areas of the Slovakian capital.

Friedrich Wachernig, member of S IMMO AG's Management Board, had the following comment on the purchase: 'Overall, we see a clearly positive trend in our markets in the CEE region - including in Bratislava. In fact, investment activities in Slovakia in 2020 have exceeded the investment volume seen in 2019 according to current estimations. The acquisition of this property is a further sign of our confidence in the versatile potential of the CEE region.'

The project will be realised in cooperation with KRON Real, S IMMO AG's long-standing development partner in Bratislava. The company has already successfully completed the development of the Galvaniho 4 building and the Einsteinova Business Center with this partner in the past.