Revetas Sells Metropolis Project in Slovakia to Koruna

Revetas Group announced 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 the 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 Gustáv Laca throughout the acquisition process. We are glad to see the project in good hands going forward.”

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.”