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Brewery Bought for Redevelopment

BRATISLAVA, SLOVAKIA-Orco Property Group of Luxemburg plan to build a mixed-use complex on the site of Stein Brewery here, which covers approximately four acres.

By Brian K. Miller | Updated on February 01, 2007

(To read more on the multifamily market, click here.)

BRATISLAVA, SLOVAKIA-The Stein Brewery, which sits on four acres in the city center here, has been acquired for redevelopment by Orco Property Group, a Luxemburg-based development company with a history in Slovakia. The company plans to build a modern mixed-use complex on the site that will include condominiums and possibly, a hotel.

Orco senior vice president Ales Vobruba says the project is in its infancy because the site’s redevelopment will require a change of the zoning for the site. Meantime, the brewery will continue to operate, though eventually the plan is to sell or relocate it to the suburbs.

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