JTRE (J&T Real Estate) is a

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

developer based in Bratislava,

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the s ...

. The firm has completed over 50 projects in 9 countries with a combined value of approximately €1.6 billion, and it is active in many market segments—including mixed-use,

office An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific du ...

, residential,

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes ...

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and ...

, and industrial projects. JTRE was founded in 1996 as part of the central European investment group J&T. The company is controlled by

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

J&T Real Estate Holding Limited, which is owned by founder Peter Korbačka and other management. JTRE has offices in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Prague Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and List of cities in the Czech Republic, largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 milli ...

and Bratislava. The company is a seven-time ''Developer of the Year'' in Slovakia, as awarded by the ASB Magazine, and its projects have been awarded ''Building of the Year'' by the Construction & Investment Journal. Since 2012, it has been a member of the Slovak

Green Building Council A green building council (GBC) is any national non-profit, non-government organization that is part of a global network recognized by the World Green Building Council. A green building council's goal is to promote a transformation of the built ...

History

JTRE (J&T Real Estate) was founded in 1996 in Bratislava,

as J&T Global by Slovak businessman Peter Korbačka as part of the J&T Finance Group. The first project was Mestské vily Machnáč, a residential development on the

Bratislava Castle Bratislava Castle ( sk, Bratislavský hrad, ; german: Pressburger Burg; hu, Pozsonyi vár) is the main castle of Bratislava, the capital of Slovakia. The massive rectangular building with four corner towers stands on an isolated rocky hill ...

hill in Slovakia. The first office development was the reconstruction of Westend Tower in the

Patrónka Patrónka is an area in the western part of Bratislava, the capital of Slovakia, it is also the name of a major transport junction within the area and an important bus stop. Patrónka is located at the boundary of Bratislava I Old Town and Bratis ...

neighborhood of Bratislava, Slovakia. Over time, JTRE acquired numerous high-profile land lots in Bratislava and

and the company graduated into developing whole city

neighborhoods A neighbourhood (British English, Irish English, Australian English and Canadian English) or neighborhood (American English; see spelling differences) is a geographically localised community within a larger city, town, suburb or rural area, ...

, such as the new downtown of Bratislava branded as Eurovea City. In 2006 the company changed its name to the current J&T Real Estate and two years later JTRE Holding was established dividing from J&T Finance Group. It diversified its portfolio with hotel property development in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 millio ...

(Hotel Baltschug Kempinski Moscow), Bratislava (Grand Hotel River Park) and the

High Tatra The High Tatras or High Tatra Mountains ( Slovak: Vysoké Tatry; pl, Tatry Wysokie; rue, Высокі Татри,'' Vysoki Tatry''; hu, Magas-Tátra; german: Hohe Tatra; french: Hautes Tatras), are a mountain range along the border of norther ...

mountains (Grand Hotel Kempinski High Tatras) as well as branching out into industrial halls development and retail space development (Eperia Shopping Mall in Prešov). Since 2017 J&T Real Estate is the general sponsor of the White Night art festival in Slovakia. In 2018 the company entered the UK real estate market by acquiring a project in the South Bank neighborhood of

. The project is being developed as Triptych Bankside due to be completed in 2022. In 2019 J&T Real Estate acquired the London-based real estate developer Sons & Co London Limited and transformed it into JTRE London Limited. As of 2019 J&T Real Estate had developed 1 million sqm of property valued at over €1.6 billion.

Operations

The company's operations are divided into five business segments: *

Real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to other ...

Property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...

Facility management Facility management or facilities management (FM) is a professional management discipline focused on the efficient and effective delivery of logistics and other support services related to real property and buildings. It encompasses multiple disc ...

* Real estate

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

* Investment

Portfolio

Notable properties developed by J&T Real Estate include River Park, Zuckermandel, Panorama Towers, Landererova 12, Pribinova 19, Rustonka, Westend, Karloveske rameno, Fuxova, Grand Hotel Kempinski High Tatras, Baltschug Kempinski Moscow and Eperia Shopping Mall. File:ZOOM NA RIVERPARK - panoramio.jpg, alt=River Park, River Park in Bratislava File:CSOB Zuckermandel.jpg, alt=Zuckermandel, Zuckermandel in Bratislava File:Panorama City Bratislava 05.jpg, alt=Panorama Towers, Panorama Towers in Bratislava File:Landererova 12 02.jpg, alt=Landererova 12, Landererova 12 in Bratislava File:Patrónka 10.jpg, alt=Westend, Westend in Bratislava File:BYTOVÝ DOM KARLOVESKÉ RAMENO - panoramio.jpg, alt=Karloveske rameno, Karloveske rameno in Bratislava File:Grand Hotel Kempinski High Tatras.jpg, alt=Grand Hotel Kempinski High Tatras, Grand Hotel Kempinski High Tatras in Slovakia File:Hotel Baltschug Kempinski, Moscow 2014-10-03.jpg, alt=Hotel Baltschug Kempinski, Hotel Baltschug Kempinski in Moscow File:Eperia Prešov 18 Slovakia.jpg, alt=Eperia Shopping Mall, Eperia Shopping Mall in Prešov Notable J&T Real Estate properties under construction include: Triptych Bankside in

Eurovea M. R. Štefánik Square in Eurovea in Bratislava. Eurovea is a business, retail and residential complex in Bratislava, Slovakia, in the Pribinova Zone at the border of Old Town and the borough or Ružinov, between the Old Bridge and the Apollo B ...

extension with the very first Slovak skyscraper Eurovea Tower, Klingerka and Ovocne sady in Bratislava and Eperia Shopping Mall extension in Prešov.

Corporate governance

Pavel Pelikán is the

Executive Director Executive director is commonly the title of the chief executive officer of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though ...

of JTRE. Juraj Marko is the Managing Director of JTRE London. J&T Real Estate Holding Limited board of directors consists of: Peter Korbačka (chairman), Michal Borguľa, Miroslav Fülöp, Pavel Pelikán, Peter Remenár and Juraj Kalman.

References

External links