Slovakian developer JTRE said this week that it has obtained a €105 mln loan from lenders Unicredit and VÚB to finance the construction of a residential-led, mixed-use complex in Bratislava.
The project, known as Eurovea, consists of a tower with 500 apartments said to be the country’s first skyscraper and a low-rise waterfront building, Eurovea Riverside.
‘To secure such high funding during these turbulent times evidences the success of the Eurovea expansion project. Banks’ confidence in JTRE reflects their well-founded belief that we will deliver responsible and diligent work on our projects,’ said Pavel Pelikán, JTRE’s executive director.
Launched to market last summer, 70% of Eurovea apartments have already been sold. Construction work broke ground in December 2019, and underground floors are currently being built.
As well as two residential buildings, the Eurovea project also includes two office buildings with a combined leasable area of 40,000 m2, 25,000 m2 of retail accommodation and a 1,400-car underground carpark. The entire complex is due for completion in 2023.
