The Revetas Group has sold its 476,00-square-meter Metropolis development project near Bratislava to the Koruna Group, a Slovak development company.
Financial and other details of the transaction terms were not disclosed.
“Metropolis contains plots strategically situated along the highway linking Bratislava with Vienna and Budapest,” explained Revetas Head of Operations Jan Bukovsky. “Acquired by Revetas in 2018 as part of the Keystone portfolio, the site has undergone meaningful pre-development preparations. Having completed its value-add initiatives, Revetas secured an experienced local land developer in Koruna Group, a Slovak developer with more than 25 years of track record in similar profiled projects, who is ideally suited to advance the project to its next phase. We have appreciated the professional conduct of Koruna Group’s team led by their founder and CEE, Mr. Gustav Laca, throughout the acquisition process and are glad to see the project being in good hands going forward.”
The property is about 12 kilometers south of Bratislava, near the D2 highway and close to the Slovak-Austrian and Slovak-Hungarian borders. The site is designated for diverse uses under the City Master Plan, including civic facilities of regional significance, mixed-use developments, recreation in natural settings, residential areas, sports facilities, parks, and green spaces.
Image source: Revetas.com