Luxemburg-based Orco Property Group intends to invest about EUR 20 mln developing a modern mixed-use complex in Bratislava, the capital of Slovakia, on the Stein Brewery site acquired last December. The project, covering a 1.6-hectare area, will include residential premises, civil infrastructure and possibly a hotel.
Luxemburg-based Orco Property Group intends to invest about EUR 20 mln developing a modern mixed-use complex in Bratislava, the capital of Slovakia, on the Stein Brewery site acquired last December. The project, covering a 1.6-hectare area, will include residential premises, civil infrastructure and possibly a hotel.
'Orco Property Group intends to sell and relocate beer brewing and build a multi-purpose complex on the plot', said Orco's vice president Ales Vobruba. The firm will hand over the brewery business to professionals, as the Stein brewery will initially remain in its original place.
Orco Property Group is a leading investor, developer and asset manager in the central European real estate and hospitality market, with assets of EUR 1 bn under management. The firm is listed on both the Euronext and Prague Stock Exchange. Orco Property Group operates mainly in the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia.