Polus Center

Location:

Slovak Republic

Project number:

6326

Business sector:

Property and tourism

Notice type:

Private

Environmental category:

B

Approval date:

20 Jul 1999

Status:

Complete

PSD disclosed:

16 Jun 1999

Project Description

The project involves the planning, construction and operation of the Polus Center, a 57,300 sq m shopping, entertainment, office and parking facility located in the Nove Mesto district of Bratislava.

The project will provide international-standard office, retail and leisure space for the city of Bratislava. As a mixed-use facility, it has the potential to simultaneously promote several areas of the local property sector.

Transition Impact

The project will help to create an efficient, consumer-oriented operational environment in the property sectors. The Polus Center represents a significant investment in Bratislava and will encourage follow-on foreign investment, both directly in the property sector and indirectly through foreign businesses operating in the Center. Furthermore, the project will create significant employment opportunities for the local population during its construction and operational phases.

The Client

The client is Polus Inv. s.r.o., a limited liability company established in the Slovak Republic. The client is 100% per cent owned by TriGranit (Bratislava) B.V., a joint venture company owned by TrizecHahn Corp. and Polus Investment Company.

EBRD Finance

The financing consists of a 14-year senior loan of EUR 51.68 million composed of:

  • an "A Loan" of EUR 23.00 million for the EBRD’s own account; and
  • a "B Loan" of EUR 28.68 million for the accounts of participant banks.

Project Cost

 

Environmental Impact

The project was screened B/0, requiring an environmental analysis of the environmental impacts associated with this development. The analysis took the form of an environmental questionnaire, which was completed by the sponsor and, along with geological reports, sent to the Bank for review. The answers to the questionnaire and the geological reports confirmed the following:

  • The construction site is suitable for its intended purpose and the groundwater underneath the site is not contaminated by hydrocarbon or other organic pollution;
  • The buildings will be built and operated according to the national and local environment, health and safety requirements and in accordance with relevant EU standards and good international practice;
  • The buildings and their facilities will not utilise asbestos or asbestos-containing materials, PCBs, urea or formaldehyde;
  • The buildings will include environmentally positive features, such as the use of insulation and thermostatic controls to save energy;
  • Adequate plans are in place for waste management, including the recovery and recycling of paper, and emergency response.
  • The Sponsor will report to the Bank, on an annual basis, on environment, health and safety issues associated with the operation of the centre.

 

The Sponsor will report to the Bank, on an annual basis, on environment, health and safety issues associated with the operation of the centre.

Technical Cooperation

None

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: