Press Release

Construction of Emonika will start in March

Mendota Invest has received a final building permit

March 4, 2024

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Mendota Invest has received the final building permit for the construction of Emonika, a modern urban complex that will include a shopping centre, business premises, hotels, and apartments. Construction work will begin in March. The estimated value of the entire investment is more than 350 million euros.

Emonika will be located in the heart of Ljubljana's city centre, at the intersection of Dunajska, Vilharjeva and Masarykova streets, right next to Ljubljana's main train and bus stations. The entire project is expected to be completed by the end of 2026.

The investor of the Emonika project is Mendota Invest, which is owned by OTP, Hungary's largest banking group. Although the construction of Emonika will take place in parallel with the construction of Passenger Center Ljubljana (PCL), the two projects are not connected and do not have the same investors.

“Emonika is OTP Group’s major investment in Slovenia. It symbolises our respect to the Slovenian society and our deep belief in the future of the Slovenian economy. It also shows our commitment to fostering mutually beneficial partnerships. I am convinced that the project will create added value for the city and its residents, while also representing a significant step forward for the Slovenian real estate market, as there has never been a commercial real estate project of such complexity and scale in the capital,” said Sándor Csányi, Chairman and Chief Executive Officer of OTP Group.

Pál Forgács, Director of Mendota Invest, added: "This important milestone is a crucial step in the realisation of our vision and goals. We are convinced that Emonika will become not only an architectural symbol, but also an economic and social centre."

The complex will feature 187 apartments, including penthouse apartments with city views. The spacious apartments with high-quality fittings will provide modern living and maximum comfort. The apartments will have their own parking spaces and storage rooms.

In the northern part of the complex, there will be 15.000 m² of office space suitable for company headquarters and tenants. Capacity will also be supplemented by the highest office building in Ljubljana in the southern part, which will provide 20.000 m² of additional office space. In addition to the office building, there will be a shopping centre with an area of 21.500 m² and 80 retail shops. The complex will also include two hotels - the first with three stars and more than 180 rooms and the second with four plus stars and more than 200 rooms and serviced apartments. Both hotels will offer a unique guest experience within a natural and relaxing environment.

The complex will be one of the first multi-purpose buildings in Ljubljana with a BREEAM certificate and a "very good" rating and the leading environmentally sustainable building in Slovenia. BREEAM is the world's leading method for assessing environmental sustainability. With the BREEAM certificate, Emonika demonstrates its sustainable orientation and responsibility towards the environment, which also manifests itself in its economic efficiency.

CBRE South Eastern Europe, the leading regional real estate consulting company, is appointed as Exclusive Leasing consultant for Office and Retail space, and it will also provide Retail Consultancy services for this project.

 

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at cbre.com

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