Dentons advised a group of banks led by Všeobecná úverová banka on financing Slovakia’s first skyscraper
Our Bratislava Banking & Finance team advised a club of banks led by
Všeobecná úverová banka (a member of the Intesa Sanpaolo Group), which
teamed up with UniCredit Bank on one of the largest-ever residential
financings in Slovakia.
The €105 million loan was provided to J&T Real Estate (JTRE), a market leader in real estate development in Slovakia, to construct approximately 500 apartments on the Danube riverside in Bratislava, in Slovakia’s first skyscraper, the Eurovea Tower, and in the waterfront building Eurovea Riverside.
The skyscraper is the central feature of Eurovea City, a new dynamic, retail, entertainment, residential and administrative quarter being developed in the Slovak capital. With its new parks, squares, sport areas and public spaces, it will become the ideal place for living and relaxing in the center of Bratislava.
The Dentons Bratislava team was led by partner Stanislava Valientová, who was supported by Managing Counsel Jozef Buday, and associates Bianca Böhmová, Richard Marcinčin, Peter Panek and Alen Gondek.
“Although the deal was very complex and run under extreme time pressure, our amazing team successfully and smoothly carried out the whole transaction to the great satisfaction of our clients. We are always excited when we are given the opportunity to show our expertise and drive to tackle demanding and innovative transactions, such as the financing of the first skyscraper in Slovakia,” commented Stanislava Valientová, Co-Head of the Banking & Finance Practice Group in Dentons Bratislava.
“I was very glad to participate in the project to build such exclusive residences. There is no experience with such a high tower in Slovakia up to now, and structurally it is a significantly more demanding task than in the case of the high-rise buildings built so far,” commented Jozef Buday, Co-Head of the Real estate Practice Group in Dentons Bratislava.
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