Slovak property developer – Lucron

Company profile:

Lucron is a Slovak residential property developer and one of the three largest players in the local market. The company focuses on large, mixed-use urban development’s combining residential, retail and office functions, with a growing proportion of projects intended for institutional rental.

The Nesto project in the Petržalka district of Bratislava is part of this strategy. Lucron is currently building a new urban district covering an area of approximately 47 ha, which will ultimately comprise around 3,000 flats and create an integrated urban environment. Nesto is set to link the centre of Bratislava with neighbouring Austria, combining residential functions with infrastructure for residents, retail, business premises and recreational areas.

Purpose of the financing:

The funds have been allocated primarily to the further development of Nesto, one of the largest residential projects in Bratislava.