Thursday, 6 November 2025
Penta Real Estate has announced a new partnership with Alto Real Estate for its flagship Chalupkova development in Bratislava’s downtown. Alto joins as a minority shareholder, taking a 49 percent stake in the project, while Penta will continue to lead development and construction.
The cooperation marks the next stage in the transformation of the Mlynské Nivy brownfield zone into a modern urban district combining offices, housing, and public spaces. “The entry of a financial partner who understands the local market and shares our long-term vision adds another dimension to this project,” said Michal Rehák, Executive Director of Penta Real Estate Slovakia.
Located near the Sky Park complex, the Chalupkova Offices building represents the project’s first phase. Designed by Jakub Cigler Architekti, it will deliver over 33,000 square metres of offices and retail space once fully developed, including a community rooftop, bike infrastructure, and direct access to a planned central park within the block.
For Alto Real Estate, the partnership aligns with its strategy of strengthening its position in Bratislava’s city centre. “Chalupkova offers exceptional potential in an area we know well. It stands at the heart of a growing urban district that connects seamlessly with our nearby Sky Park Square project,” said Ján Bryndza, Business Director at Alto Real Estate.
Beyond the office component, Penta and Alto plan to extend development across the wider site, gradually adding residential buildings, public amenities, and landscaped green areas. The aim is to create a new mixed-use quarter that integrates workplaces, homes, and services into a cohesive urban environment.
Penta Real Estate expects to move ahead with the next stages of permitting and preparatory works once all formal approvals are complete.
