The Successful Disposal of Metropolis Development Project in Slovakia to Koruna Group
Press releases
13 Dec 2024
Revetas Group Announces the Successful Disposal of Metropolis Development Project in Slovakia to Koruna Group
Bratislava, 13 December2024 – Revetas Group announces the successful disposal of the Metropolis development project to the Slovak development company Koruna Group. The asset comprises 476,000 sqm of land for development located near Bratislava. The transaction terms remain confidential.
Commenting on today’s announcement, Jan Bukovsky, Revetas’ Head of Operations, said: “Metropolis contains plots strategically situated along the highway linking Bratislava with Vienna and Budapest. 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. Gustáv Laca, throughout the acquisition process and are glad to see the project being in good hands going forward.”
Metropolis Project near Bratislava, Slovakia, @Google Maps
Liviu Becheanu, Principal at Revetas Capital, the Metropolis project manager, added: “The property is situated approximately 12 km south of Bratislava, in the Jarovce district, near the D2 highway and close to the Slovak-Austrian and Slovak-Hungarian borders. Spanning 475,773 sqm across two land plots, 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.”
About Revetas Revetas is a vertically integrated Pan European real estate investment advisor and manager with a thematic approach and focuses on distressed opportunities and value-add investments which may be entangled in complex and special situations. The firm’s leadership has been active in Europe for the past 25 years and Revetas has been a leader in the European real estate market, being supported by a broad network of 110+ professionals. Revetas Group was formed in 2002 and is led by Managing Partner Eric Assimakopoulos, with offices in London, Vienna and Luxembourg.
Revetas serves a global base of institutional investors, pension funds, endowment funds, institutional fund managers, family offices and ultra-high-net-worth individuals with a razor-sharp focus on delivering superior, risk-adjusted returns.
