Construction of the so-called new Istropolis at Trnavske myto in Bratislava’s Nove Mesto district has begun. On January 28, the developer Immocap launched construction works on the first three buildings: two office buildings and one residential building. The new development is being built on the site of the former Istropolis congress centre, which was demolished in 2022.
“The start of construction on the first three buildings is a key milestone for us,” said Martin Sramko, CEO of Immocap, as cited in a press release. “With the commencement of construction, we are also launching the sale of apartments, which are attracting just as strong interest as the office spaces.”
The EUR 600-million project envisages the construction of nine buildings – a cultural and social hall, three office buildings and five residential buildings – complemented by public spaces, two new squares, a courtyard park and extensive greenery. An important part of the transformation will also be the redesign of Skultetyho Street, where traffic will be significantly calmed, substantial greenery will be added with an emphasis on the safe movement of pedestrians and cyclists, and high-quality connections between existing neighbourhoods and Istropolis will be created, the developer says.
Construction will be carried out in several phases. The first phase includes the development of two office buildings, including one tower, and one residential building, with completion planned gradually over a period of two to three years.
The multifunctional hall, with seating for 1,800 visitors and a standing capacity of 3,000, forms part of the first phase of the project, with construction scheduled to begin in 2027. Completion is expected until 2030.
Immocap is reporting strong interest in its office spaces, which are designed as technologically advanced, energy-efficient and flexible working environments. The developer is in advanced negotiations with several companies, and part of the office capacity already has confirmed future tenants, including leading multinational corporations. It has been confirmed that the Istropolis Atrium building will become the headquarters of Dell, while the Istropolis Tower will serve as the headquarters of Orange Slovensko.
Within the zone, the developer plans more than 3,500 sq. m of services for Bratislava residents, with confirmed tenants including a Lidl supermarket and McDonald’s.
The developer has not disclosed prices of flats. Real estate experts are more forthcoming with their price estimates for housing at Istropolis.
“Given the location, strong demand for new developments and a still relatively limited supply, I expect prices to range between EUR 5,000 and EUR 8,000 per square metre. The specific price will depend on the standard, orientation, floor level, views and the type of apartment,” analyst of Nehnutelnosti.sk website Michal Pruzinsky estimated.
Based on recent data from Bencont Investments, the average asking price of new-build properties in Bratislava rose by just under 7% YoY, to EUR 5,301.5 per square metre as of the end of 2025. Apartments at Istropolis could therefore be priced significantly above this average. (The Slovak Spectator)