DTZ awarded management contract for mixed-use development in Central Europe (SK)

DTZ, a leading global real estate adviser, has been awarded a 5 year contract by international developer Ballymore Properties to undertake retail property and asset management services for the new landmark 230,000 m² Eurovea scheme in Bratislava, the largest mixed-use commercial development in Central Europe.

Eurovea International Trade Centre, which opens its doors in March 2010, will be created around Europe's largest new public square, comprising 60,000 m² of retail, leisure and entertainment including 150 retail outlets, 30 restaurants, 9 screen multiplex cinema, 209 room Sheraton hotel, 24,500 m² grade A office space, 235 luxury flats and parking for over 1,700 cars. Located on the banks of the Danube, Eurovea will create a new multipurpose riverside development in the heart of Bratislava, Slovakia.

Mike Holt, Director in DTZ's Retail Asset Management team, commented: "We are delighted to have been appointed by Ballymore to work alongside them on this world class development. Eurovea will offer a vibrant retail and leisure environment unparalleled in Central Europe and we are excited at the prospect of drawing on our local knowledge and global experience in our work on this prestigious scheme. DTZ's commitment is to serving clients and providing seamless service across international borders and we look forward to working with Ballymore to make Eurovea every success."

Peter Willits, Central European Property Manager of Ballymore commented: "We are looking forward to working with Mike Holt's team on our Eurovea development. The selection of the property manager was a challenge for us due to the size and complexity of our project. With retail, office, leisure, entertainment and residential elements of more than 120,000 m² GLA, we needed a property management team with broad international experience as well as strong local knowledge. The DTZ team truly shares our vision for excellence for Eurovea, and our success of the project will only be enhanced by their participation."

The team, led by Mike Holt, will also include experts from the UK, Czech Republic and Sweden. Within the framework of the mandate, Ballymore will draw on DTZ's experience in delivering top-end, mixed-use retail property and asset management services to clients around the globe.

Source: Spada

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