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OTP is beginning Slovenia’s largest real estate development project to date: the foundation stone for the Emonika complex, a renewable district of Ljubljana, was laid on Monday. The approximately EUR 400 million investment is expected to be completed by the end of 2027.
Sándor Csányi, Chairman of OTP, said at the groundbreaking ceremony on Monday that this is OTP’s largest investment in Slovenia, with the investor being Mendota Invest, owned by the OTP Group. Plans to redevelop the Emonika site have been in place for more than 17 years. Over the past five years, Mendota Invest has led the project’s design, licensing, and preparation.
OTP Bank’s future new Slovenian headquarters will also be part of the development, which signals the OTP Group’s long-term commitment to the project and to Ljubljana,
he added.
According to Deputy Mayor Rok Žnidaršič, the foundation work, which took more than a year, has been completed and the project is moving from preparatory work to full implementation. Emonika connects the city with Central Europe as a transport hub, and the project includes the construction of a residential park and a tower block, which will be the tallest office building in Ljubljana.
Matjaž Han, Slovenian Minister of Economy, Tourism and Sport, said that the laying of the foundation stone not only marks the start of construction, but also sends a positive message to the economy and symbolizes long-term cooperation between Hungary and Slovenia.
Alenka Bratušek, Slovenian Minister of Infrastructure, emphasized that this is currently the most significant investment in the country.
The investment includes 187 residential units, two hotels, more than 35,000 square meters of office space, and a 22,500 square meter retail center, all of which will be integrated into Ljubljana’s central transport hub.
The railway and road networks will be renovated in cooperation with public services and the private sector, strengthening the economy and contributing to the well-being of the population, he added.
According to a statement on the project, the total buildable area exceeds 200,000 square meters, with more than 90,000 square meters of usable space and more than 1,500 parking spaces. The project budget has reached €400 million. Market interest in Emonika is strong in all segments: a hotel lease agreement has already been signed, and a second is in advanced negotiations. Retail leasing is underway, and 25-30 percent of the residential units are expected to be sold by the end of the summer.
Via MTI, Featured photo via Pixabay