The strength and potential of every developer are signified by their projects. Lucron ranks among the very best developers in Slovakia who possess the experience, vision, and financial capacity to build entire neighborhoods with the help of modern technology.
Lucron has been on the Slovak market since 2005 and has been frequently appearing in TOP 5 lists of developers in recent years. This is thanks to intentionally focusing on large residential projects – Vydrica and Nesto being its most prominent ones currently. Lucron belongs to the Luxembourg-based IKO Real Estate group with more than 30 years of experience in the real estate business.
Iconic Vydrica project
Vydrica is a high-end district intended for individual investors, entrepreneurs, and upper-middle-class residents who understand the value of living at the prime address in Bratislava. It is a unique blend of modern architecture, various revivified cultural landmarks, and public spaces with the air of the Old Town. With its 370 apartments, 4 office buildings, and 80 retail units, the Vydrica project is destined to become a lively district that will host not only its permanent residents but also numerous visitors drawn by high-quality restaurants and prominent stores. There is immense interest in living at the prime address in town – two-thirds of the apartments from the first stage of the project have been sold already.
Nesto for thousands of residents
Nesto is an example of a project that can only be managed by a developer with sufficient resources and experience. Following the completion of the final stage in 2035, this new neighborhood will be home to over 10,000 residents, offering a total space of 470,000 m2. Furthermore, it will be a combination of traditional and rental housing with work areas ranging from traditional offices all the way to coworking spaces.
Arboria as a visionary project
The story of the Arboria project located in Trnava is a display of visionary thinking. When the economy was in the throes of the financial crisis and many were halting construction due to uncertainty, Lucron started implementing an affordable housing project in 2011. Today, Arboria is the most sought-after neighborhood in the regional city of Trnava and a prototype of community living, in which Lucron managed to marry low-rise housing with plentiful greenery and spaces for leisure activities. Lucron has ensured that the conditions in the neighborhood are favorable for retail and service operators as evidenced by multiple businesses relocating to Arboria from the city center. The visionary thinking further manifests in the incorporation of long-term rental apartment buildings into the neighborhood that are already owned by institutional investors.
Apartment buildings for investors
Lucron has successfully identified the trend of rising demand for rental apartments well ahead of its competition. It built the Urban Residence district in Bratislava close to the center with the vision of urban living that combines housing, retail, and long-term rental apartments. This professionally-managed property with dozens of rental apartments is a coveted spot that continuously finds itself at full capacity.
2.5 billion euro portfolio
Lucron specializes in large residential development projects, which it plans meticulously. It integrates not only apartment buildings for institutional investors focusing on long-term rental housing but also office and retail spaces located within housing blocks into its residential projects. This has the potential to draw in additional investors while also providing the building residents with a useful combination of stores and services right on their doorstep. Lucron is a strong and stable developer partially because it always employs detailed calculations and secures sufficient financial backing for its plans. This approach has helped it grow significantly in recent years. Its currently finalized projects occupy more than 205,000 m2 of floor area and those planned for the future will span another 285,000 m2. The full potential of Lucron's future projects reaches 545 thousand square meters of floor area. The future value of the company's portfolio stands at 2.5 billion euros.
THE COMPANY
Lucron belongs to the Luxembourg-based IKO Real Estate group with more than thirty years of experience in the real estate business.
It has been on the Slovak market since 2005 and has built 205,000 m² worth of floor space in the last seventeen years.
Its portfolio comprises a total of 8 projects in the capital, Bratislava, and the regional metropolis in western Slovakia, Trnava.
Currently under construction are 65,000 m² of residential buildings and Lucron is planning projects with an additional floor area of 285,000 m². It currently owns 82 hectares of land, five of which are being used for construction, and 19 more will be utilized for future projects.
The full potential of Lucron's future projects reaches 545 thousand m² of floor area. The future value of the company's portfolio stands at 2.5 billion euros. Out of its existing and planned portfolio, 70% of properties are intended for sale and 30% are to be rented.
The new Vydrica district is located in the city's prime area – right underneath Bratislava Castle.
Nearly 2,000 satisfied residents already live in the Arboria district.
Nesto will be a lively neighborhood with its own square and various options for housing, business, and leisure activities.
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