ri real estate sub-funds belonging to the WOOD SICAV* structure received the Light Green label according to the European SFDR regulation supporting ESG sustainability principles. It is WOOD & Co. Office sub-fund, focused on office buildings, further WOOD & Co. Retail sub-fund, which includes shopping centers Kraków and Galerie Harfa in Prague. The third is the AUP Bratislava sub-fund, whose asset is the Bratislava shopping center AuPark. "We are happy that three of our real estate sub-funds carry the Light Green label. It is a signal to investors, existing and potential tenants, financial institutions and other interested parties that we behave responsibly in the role of investment administrator and property manager and want to promote the path of sustainability," says Kateřina Jarošová, ESG manager of CEE, WOOD & Company.
The location near the Trnava toll and the Ondrej Nepela Winter Stadium is an attractive and sought-after area of Bratislava. This is also why new projects have been concentrated here in recent years, drawing on several advantages - proximity to the city center, excellent civic amenities or a quiet and safe neighborhood.
Since 2012, the company Immocap also wanted to convert one of the plots in this area. It is a currently abandoned plot near the intersection of Trnavská cesta and Jégého street. The developer first started with the demolition of the former sports hall located on the property and wanted to replace it with a parking garage.
The area suffered from a lack of parking spaces, and there were only 360 of them under the ten thousand winter stadium. The new building was supposed to bring more than 500 more parking spaces and the entire project also had a building permit. But the construction never took place, the land began to fall into disrepair and Immocap fenced it off.
Eurovea Tower, the first skyscraper in Bratislava on the Danube embankment, has received usage approval. Construction of Slovakia’s tallest building was led by J&T REAL ESTATE (JTRE), and successfully completed less than four years after obtaining the building permit. Only apartment interiors and common areas need to be finished before properties are handed over in spring 2024.
According to the audited consolidated results, Alto Investments closed the year 2022 with a net profit after tax of 14.4 million euros. Last year, Alto Investments invested significantly in the development of its projects, while investments in real estate represented
EUR 397.5 million. "The market found itself in a difficult period, but we managed to successfully diversify the investment portfolio for the sale of apartments and the rental of offices, at the same time we are preparing a platform of modern suburban warehouses for rent. This creates a good basis for us for sustainable and stable real estate projects with a strict emphasis on quality, on the construction and operation of which we focus for a long time. Thanks to the projects we are currently implementing, as well as the projects being prepared, we expect further growth in the value of the company in the years to come," said Rastislav Valovič, CEO of Alto Group.
In the first half of this year, CTP achieved a net rental income of 268.3 million. euro This represents a year-on-year increase of 26.8 percent. The contractual revenues for the next 12 months amounted to 654 million as of June 30, 2023. euro As the group further informs, the expected return on costs increased to 10.6 percent on 1.8 million square meters of projects under construction. The group's permanent portfolio has grown to 11 million square meters. The gross value of assets increased by 8.2 percent to 12.4 billion euros. EPRA's specific adjusted profit increased by 25.4 percent to 158.1 million euros.
The building, inspired by a former steam mill, will bring new energy to the tenants' plans, but will also become an accelerator of their healthy lifestyle. The Mill will be accessible by bike as easily as on foot or by car.
The investment volume for office assets accounted for EUR 2.5 billion which was 42% of the total investment volume in H1 2022 in the CEE-15 region. Strong transactional activity was recorded across Poland, reveals a new report by Colliers: „ExCEEding Borders: CEE-15 Office Markets in Turbulent Times”.
A new multi-functional complex will be built in the lucrative part of Bratislava's Nív at the intersection of Košická and Landererova. On the land owned by the company Ister II. Ltd. which is co-owned by Matúš Trajter and The Galata Group, s.r.o. several multifunctional buildings will rise, including a 33-story high-rise building that will complete the panorama of Nív.
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