Alto Real Estate will join Penta Real Estate’s Chalupkova project as a minority partner in a joint venture. At the same time, it will become the first tenant in the Chalupkova Offices building, which is the first phase of a planned development in downtown Bratislava. This step represents a new form of cooperation between two leading developers on the Slovak market and underscores Alto’s confidence in the project and in the location as one of the most promising parts of the capital.

Alto Real Estate will have a 49% stake in the project, while Penta Real Estate will retain managerial control over the management and construction. The aim of the merger is to combine Penta Real Estate’s long-standing experience in the implementation of large urban complexes with Alto’s investment capacity, which sees Chalupkova as a natural extension of its operations in downtown Bratislava.

We see the partnership with Alto Real Estate as an important strategic moment. The entry of a financial partner that has been operating in the same location for a long time and understands its potential brings another dimension to the project. This structure allows us to combine our experience in implementing large-scale urban projects with Alto’s investment capacity. I consider the joint involvement of two strong players with the same emphasis on quality and sustainability to be an added value that will have a positive impact on the entire downtown area,” said Michal Rehák, Executive Director of Penta Real Estate Slovakia.

“From our point of view, Chalupkova has exceptional potential. It is located directly adjacent to Sky Park, which we are developing in the form of a new residential project called Sky Park Square. Entering the Chalupkova project is therefore a logical step for us. We are interested in participating in the shaping of this part of the city and at the same time supporting a high-quality project that will build on the success of Sky Park and bring a new level of urban living and office space to the center of Bratislava. We see Penta Real Estate as a partner with whom we share the same understanding of responsible and professional development. At the same time, the fact that Chalupkova Offices will become our new headquarters is also a symbolic connection for us as an investor, partner, and tenant all in one,” says Ján Bryndza, Business Director of Alto Real Estate.

The Chalupkova Offices project, designed by the renowned Jakub Cigler Architekti studio, will offer more than 33,000 m² of premium office space and 1,500 m² of retail space. Its architectural concept combines urban elements, high-quality public space, and modern technologies.

The building will be one of the most technologically advanced administrative projects in Slovakia. It is designed to obtain LEED Platinum certification and achieve carbon neutrality in operation according to the LEED Zero Carbon standard. The combination of renewable energy sources, heat pumps, and photovoltaic panels will enable the building to reduce its electricity consumption by more than 40% compared to LEED Gold-certified office buildings.

“Our goal is to provide tenants with a workspace that is not only architecturally high-quality, but also energy-efficient and healthy. Technological solutions and sustainable materials will enable the building to operate with minimal impact on the environment, which is in line with Penta Real Estate’s long-term vision,” adds Michal Hranai, Senior Business Development Manager at Penta Real Estate.

The advantages of Chalupkova Offices include intelligent ventilation systems with a constant supply of fresh air, acoustic solutions for quiet work in the city center, and green terraces with views of downtown. The project will include a community roof with BBQ facilities, bicycle storage with showers and service, and direct access to the planned inner courtyard park, which will create a new public space for residents and employees in the area.

The Chalupkova project is one of Penta Real Estate’s most significant current investments in Bratislava. A new urban district will gradually be created on the site of a former brownfield, combining housing, offices, services, and public spaces into a single functional whole.