Tatracentrum

The Tatracentrum developed by Raiffeisen Property Holding International (RPHI) was sold to a private foundation in late November. The building is located in the heart of Bratislava and has a gross floor area of around 33,000m². It was completed in 2001 and is now home to the headquarters of Tatrabanka and a shopping mall, which was fully renovated in 2018.

“We are delighted to have been able to sell this fully let property in a prime location at – in view of the current market situation – an attractive price”, commented Dr Karl-Maria Pfeffer, CEO of Raiffeisen Property International. “Finding an investor with a long-term strategic orientation was very important to us and is especially in the interests of our tenants.”

This transaction marks the end of a very successful financial year for RPHI.

tatracentrum.sk

The Tatracentrum opened back in 2001, right across from the presidential palace. The shopping mall is located on the two lower floors of the eight-storey building, which also houses office spaces and an underground car park.  Our long-term tenants, including Billa, dm drogeriemarkt, and various restaurants and cafés, all contribute to the shopping mall’s success. At present, 98.5% of the total area has been let.

Both floors of the mall were completely renovated in 2018. The innovative and modern designs proposed by the “Puzzlebox” architecture and design firm won over the jury in an architecture competition, thanks in particular to their use of natural materials such as wood and moss.

The direct and indirect lighting emphasises the curved slat design of the wooden panels and, in conjunction with the “living” moss walls, creates a pleasant atmosphere where visitors to the mall feel at ease. The design of the shop signs has also been standardised and contributes to the bright and friendly ambience.