Eurovea 2 receives EUR 116 million loan for extension of shopping centre and offices

Eurovea 2 has received one of the largest real estate loans in Slovakia in recent years. Funding of EUR 116 million will be used for the construction of the extension of Eurovea shopping centre and the adjacent PRIBINOVA X office building. Construction work on both buildings is fully underway.

The construction loan was provided by a syndicate of banks led by Tatra banka, together with Slovenská sporiteľňa and UniCredit Bank. International law firm Dentons prepared the contract documentation.

“Despite over twelve months of pandemic-related restrictions, the Eurovea extension project is proceeding on schedule. Getting such key financing during the current difficult situation shows that our confidence in the project – following society’s return to business as usual – is also shared by the banks. We appreciate this trust in the project, its strong footfall, and the project work team – and we are thankful. In just over a decade Eurovea has become Bratislava’s leading fashion and shopping destination, whilst being a popular place to spend time on the Danube promenade. The development of the Eurovea City district will bring additional opportunities for living, working, and relaxing, and will make Bratislava’s contemporary centre point even more attractive,”  said Peter Korbačka, Eurovea, a.s. chairman of the board.

“We greatly appreciate the client’s trust in financing the further expansion of the attractive Eurovea centre. Agreement for financing during the ongoing pandemic confirms the bank’s readiness to finance quality projects, even during a challenging period. We are pleased to have the opportunity to support a project that will contribute to our city’s further development,” said Zuzana Koštialová, Tatra banka procurator.

The expansion will deliver a further 25,000 sqm of leasable retail space, with the Primark fashion chain’s very first store in Slovakia being among the biggest attractions. Upon project completion, the shopping centre’s total leasable area will be 85,000 sqm. Nine-floor PRIBINOVA X office building – directly connected to the shopping centre – will have leasable area of 18,000 sqm and offer the highest standard secure, flexible, and functional workspaces, in conformity with BREEAM EXCELLENT ecological certification.

Construction of the Eurovea extension – led by developer JTRE – began in December 2019, with parts scheduled for completion in 2022 and 2023. Bratislava’s residents, employees, and visitors can also look forward to attractive new public spaces: an extended riverside promenade with activity areas, a park, and Pribinova boulevard with a welcome new avenue of trees and relaxing square leading to the centre’s entrance. In addition to more retail space and new offices, the project also includes new apartments – over 80% of which have already been sold. 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

First “Outlet Village” in Georgia

Guga Tsanava, the managing partner of “Georgian Outlet and Resorts Group is happy to announce that first “Outlet Village” will be opened in Georgia, in spring 2022 The village will be built on 100 000 sqm space, where at first time about top 80 international brand will join

Across Retail Talks online, May 19, 3pm (cet)

Challenge accepted: What does it take right now to implement successful retail concepts?

SES focuses on multifunctional use at shopping locations

CITYPARK Graz, Austria to offer modern plasma donor center.

Lena Hoschek is opening her new Flagship Store with 300m² on May 3rd – thanks to Colliers as leasing agent

The Austrian star designer Lena Hoschek is opening on May 3rd a new Flagship Store in the heart of Vienna.

De Gasperi Passage in Germany: Home and decoration retailer Rusta follows Karstadt Sport

Nice prospects for Norderstedt: Rusta, the Scandinavian specialist for home, garden and leisure items, will be the new anchor tenant in De-Gasperi-Passage with more than 2,500 m² of retail space. With the signing of the long-term lease, the successful starting shot has been given for the re-letting of the former Karstadt space.

Resignation of Cédric Biquet as CFO of Wereldhave Belgium

Wereldhave Belgium NV announces the resignation of Mr. Cédric Biquet as Chief Financial Officer of the Company.