Luxury Housing Revolutionised
J&T REAL ESTATE started selling apartments in the RIVER PARK Complex. 108 apartments are to be sold in the first stage with their cumulative price amounting to 2.5 billion Crowns.
"No apartments of this standard have been sold in Bratislava so far, so there was nothing to base our price on. Prices starting at 130,000 SKK/m2 are initiatory prices and their adjustment cannot be precluded," says Peter Korbačka, partner in J&T Group and chairman of board of directors in J&T REAL ESTATE, a.s.
the areas (terrace included) of the apartments offered for sale right now are between 78 and 535 m2 and their prices range from SKK 10 to 70 million, VAT exclusive.
The apartments in the RIVER PARK are exceptional because of their unique location on the river bank in Bratislava, which will become one of the new centres of the capital city. Thanks to the splendid view on the water and greenery on the other side of the bank and green grassy terraces, people living in the apartments - with every apartment facing the south - can enjoy an impression of nature. The high quality of the design, materials used and state-of-the-art technologies, sufficient parking places and top accessory services are a matter of course for a project like this. The uniqueness of every single apartment is underlined by the signature of one of the top European architects under the concept of the whole project. Living in RIVER PARK has become a matter of prestige, as can be judged from the interest we noted just before the apartments opened for sale.
The RIVER PARK Complex, which will soon become one of the new domineering features of Bratislava, corresponds to the CITY IN THE CITY slogan. It will include the first 5* hotel in Bratislava - Kempinski Hotel River Park with more than 230 rooms, operated by the oldest hotel network in Europe. More than 24,000 m2 are dedicated for top quality office premises. The Complex will include also cafés, restaurants, shops, supermarket, fitness centre, bank and other facilities. A promenade along the river bank will be revitalised and expanded in terms of the project.
Costs of implementing this project exceed 7 billion Crowns and the project should be completed in the first half of 2009. RIVER PARK should be followed by construction plans at the place of the present PKO and the zone below the Castle.
RIVER PARK in Figures
| Total area above the ground | 100,000 m2 |
| Total area under the ground (3 underground floors) | 40,000 m2 |
| Office area | 24,000 m2 |
| Area dedicated for apartments | 45,000 m2 |
| Retail area | 9,000 m2 |
| Hotel | 22,000 m2 |
J&T is one of the most important domestic financial groups at present and it ranks among the leaders in real estate development. Apart from the RIVER PARK project, other major projects implemented by J&T in the field of real estate include the renovation of Tatranská Lomnica resort; the renovation of the Hviezdoslav therapy house to the first 5-star hotel named Kempinski Hotel High Tatras; the development of the Westend Business Park; the administrative buildings Tower 115 and industrial-logistics parks in Devínska Nová Ves and Trnava. The volume of investments made by J&T in real estate projects in Slovakia alone will exceed SKK 30 billion in the next 5 years.