Penta Investments Offers 1 Billion SKK to the Capital Bratislava for Lands Between Old and Harbor Bridges in Petržalka

31. August 2006
Back

Penta Investments Offers 1 Billion SKK to the Capital Bratislava for Lands Between Old and Harbor Bridges in Petržalka

Last Friday, 30 June 2006, Penta Investments submitted an offer for a purchase of lands in Petržalka, between Old (Starý) and Harbor (Prístavný) Bridges, to the City Council of the capital Bratislava. It concerns lands on which the City Council is deciding these days with a view to sell them. “We have offered a purchase price of 9,100 SKK / 1m2 for those lands to the City Council. The total purchase price for the lands at issue would thus represent an investment in the total amount of almost 1 billion SKK,” said Mgr. Jozef Oravkin, partner of Penta Investments, a.s.

Penta has learned about a possibility to purchase the lands at issue from media. “We are prepared to negotiate our offer,” specified Jozef Oravkin and added: “we believe that representatives will approach to the solution of the present situation transparently and responsibly so that all procedures comply with Slovak and European legislation.”
Penta intends to develop the said area further to a city zoning plan and observe a functional and spatial regulation of the territory, including transport and conditions of connecting to service connections.

More news
Penta Real Estate and Staycity to develop £230 million London aparthotel

Penta Real Estate has entered into a partnership with international hotel group Staycity Group to develop the Morley House project in Farringdon, London.

Penta Has Been Developing Healthcare Infrastructure for Decades. A New Fund Now Opens It Up to Investors

Penta Fund is expanding its investment offering with a third fund. The Penta Healthcare Infrastructure Fund will enable investors to participate in the development of healthcare infrastructure through a diversified...

Slovakia returns to the ranks of aluminium producers. Slovalco resumes production

After more than three years, Slovakia is returning to the ranks of countries that produce primary aluminium. Slovalco, a joint venture of Hydro and Penta Investments, has begun the gradual...

Penta Real Estate, J&T and AKIPIA Join Forces to Develop a New €3.7 Billion District in Bubny

Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o., which owns key land plots in the Bubny-Zátory area. Penta Real Estate will become the lead developer of...

Dôvera and Union Health Insurance Companies Join Forces

Achmea B.V., the shareholder of Union, and Dôvera, a member of the Penta investment group, have signed a share purchase agreement under which Union Health Insurance Company will become part...

Penta Hospitals Enters the Estonian Market by Acquiring the Country’s Leading Senior Care Provider

The transaction marks the group’s entry into its fourth EU market and strengthens its position in long-term care, one of the key healthcare and social care challenges across Europe. Penta...

Privatbanka Becomes Penta Bank

Penta Investments is reinforcing its position in the financial services sector, which it sees as an attractive opportunity for further growth. A key milestone in this strategy is the transformation...

Penta Real Estate strengthens its holding structure. David Musil appointed CEO

Penta Real Estate, the real estate division of Penta Investments, is entering a new phase of development. Evolving from a regional developer with a dominant position in the Czech Republic...