Assistance to J&T Banka in refinancing CENTRO Nitra
A project of Discovery Group, a company engaged in real estate investment and the development of commercial real estate in Central and Eastern Europe (mainly shopping centres, retail parks, office and industrial projects), CENTRO Nitra was opened in 2006 as the first modern shopping centre in the Nitra region, with more than 90 stores, restaurants and other services on more than 33,000 sqm.
The transaction was supervised by partner Martin Krejčí with the participation of Tomáš Trávníček and Jakub Mehl. We would like to thank Hillbridges for their assistance with the Slovak part of the transaction and DLA Piper, who represented Discovery Group, for their excellent professional approach.
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The discussion surrounding the current proposal to amend the Construction Act (Parliamentary Print 67) has moved to the committee stage in the Chamber of Deputies following its first reading. The primary declared objective is the acceleration of construction, particularly regarding residential buildings. The shortage of affordable housing remains a pressing issue in major cities, both in the Czech Republic and abroad, giving rise to the pervasive trend of suburbanization. This raises the question: does the proposed amendment truly have the ambition to reverse this trend, and will an increase in housing construction alone suffice?
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