After three years of planning and three and a half years of construction, Ballymore fully opened EUROVEA, a 450 million investment in Bratislava and Slovakia's largest mixed-use development to date. The new city quarter, spread over an area of more than 230,000 m², is now complete and fully open to the public.
EUROVEA retail component, with its 150 shops, brings together international retailers, such as Marks & Spencer, Next, Debenhams and H&M. Adjacent to the retail is the Ballymore owned five-star, 209 bedroom Sheraton Bratislava Hotel. The development also contains 30 restaurants and bars, and a 9 screen cinema. The residential component consists of 235 apartments and the project offers also 24,500 m² of Class A office accommodation.
"This development is a good example of Ballymore's strengths and pulls together everything we have learned about large scale development over the last 25 years," said Sean Mulryan, Founder and Executive Chairman of the Ballymore Group.
"I am delighted to see EUROVEA open for business. EUROVEA blends together retail, office, leisure, and residential. The design is excellent. It is a development that enhances the City of Bratislava. Today, Ballymore is gifting the large square at the heart of the development to the City of Bratislava. We are also gifting a landscaped park stretching over two hectares along the riverfront of the Danube to the city and the people of Bratislava."
Andrej Durkovsky, the Mayor of the City of Bratislava, said: "I have always dreamt about extending Bratislava centre. New city quarter EUROVEA is the result of several years of cooperation between the municipality and Ballymore Group. Bratislava and its people can finally touch the Danube River and be proud of the city's given name 'Beauty on Danube' ."
Mr Mulryan added: "I believe that Bratislava is in a strong position, not just in terms of its position at the center of Europe but also its potential. It has been successful in attracting large scale international manufacturers, proving its competitiveness. Joining the Eurozone recently will bring long-term benefit. I expect EUROVEA will play its part in Bratislava's continued development over the next few years."
EUROVEA is expected to bring in excess of 12 million people annually to this part of Bratislava. EUROVEA is the largest development ever built by an Irish developer outside of Ireland.