BRATISLAVA – Real estate market leaders Immocap and WOOD Real Estate are joining forces on an exceptional project. The Millhaus residential building, now under construction in the Mlynské Nivy area, is set to redefine the perception and functionality of the zone, which is evolving into the main boulevard of the new city centre. The Millhaus project will further enhance the area’s changing character, blending business and residential functions.
The project will feature 151 residential and accommodation units across 19 floors, complemented by retail space on the ground floor. Residents will have access to nearly 140 parking spaces across two underground levels. The development will also include relaxation areas in a semi-open courtyard and a children’s playground. Millhaus will stand out in terms of design – the architecture by Siebert + Talaš aligns with the surrounding buildings, while sensitively complementing the character of Mlynské Nivy. The building’s modern, distinctive, yet calm character clearly signals its residential function and creates a pleasant living environment.
Millhaus is being built next to the new office building, The Mill, which has already captured public attention with its beautiful architectural design. The Millhaus residential building will complement this zone that is set to become the heart of the planned 15-minute city. This concept enables residents to access essential amenities, such as schools, nurseries, shops, services and workplaces, within 15 minutes on foot or by bike.
source: IMMOCAP
The concept of the 15-minute city was officially introduced by the Metropolitan Institute of Bratislava in 2023, and Millhaus is one of the first residential buildings in this emerging location. The project has received a building permit and is currently in the first phase of sales. Completion is scheduled for 2026. “As the pre-sale has shown strong interest, we are starting construction works. Our goal is to create vibrant places and we are convinced that a high-quality, well-designed project in the right location, with added value for clients, will succeed in the market,” says Martin Šramko, CEO of Immocap, explaining the idea behind Immocap’s entry into the residential market.
“We aim to transfer the success we have achieved in the commercial real estate market to the residential sector. Vibrant places must combine multiple, complementary functions. Imagine places where living, leisure, work and culture meet in perfect balance. All this within a modern public environment, designed innovatively and energy-efficiently to help people save money,” adds Martin Šramko.
Immocap has been a key player in the Slovak development market for 27 years, focusing mainly on Bratislava, where it sees significant potential in transforming neglected areas into vibrant spaces. Until recently, the company mainly focused on commercial projects, becoming a leader in energy efficiency, flexibility and the integration of new technologies within a well-thought-out energy concept. Immocap specialists believe that even residential projects cannot be purely mono-functional and in order to provide the desired living comfort for residents, they must blend multiple functions, such as spaces for work, culture, services and high-quality public areas.
The co-owner of the Millhaus project is WOOD Real Estate, a company representing the real estate activities of WOOD & Company, a major Central European financial and investment group. The partnership with Immocap is a natural continuation of their joint development of an office building near Kuchajda in Bratislava. “We are pleased that following the successful completion of the Lakeside Park 02 project, we are continuing our effective cooperation with Immocap, this time in residential development. We recognize that Bratislava still holds significant development potential in the residential sector, particularly in prime locations with quality infrastructure. Millhaus, with its timeless architecture and low energy costs, is a perfect example. I also believe that our expansion into residential development in cooperation with strong partners like Immocap will appeal to our clients who entrust us with their investments in high-quality real estate projects,” says Martin Šmigura, Local Partner at WOOD & Company, responsible for the group’s real estate activities in Slovakia.
About Immocap
Immocap is a Slovak developer that has been unlocking the potential of Bratislava and revitalizing neglected areas for over 27 years. With an exceptional team of professionals, the company successfully transforms brownfields and expands the city centre with vibrant zones designed for work, living, and leisure. Immocap’s ambition is to deliver sustainable solutions that stand the test of time and enhance the quality of urban life. Currently, the developer is proud of its office project, The Mill at Mlynské Nivy, which achieved near full occupancy shortly after the final inspection.
Immocap constructed the Lakeside Park 02 project near Kuchajda Lake in Bratislava, which highlighted the growing importance of quality workspaces in the covid era. The company also revitalized the Trnavské Mýto area with the Central project, which serves as a shopping center, office space, and a hotel. In collaboration with the City of Bratislava, Immocap also revitalized the Trnavské Mýto underpass. Currently, Immocap’s flagship project is the new ISTROPOLIS, which, alongside its residential and office functions, will introduce quality public spaces and a modern cultural and social centre. The developer is also planning the ZSE headquarters project on Bottova Street and the mixed-use Kvarter building on Jégého Street.
About WOOD Real Estate
WOOD Real Estate represents the real estate activities of WOOD & Company, a major Central European investment group founded in 1991. WOOD & Company manages investment assets worth EUR 4.5 billion, trades on stock exchanges with a turnover of approximately EUR 30 billion and provides advisory services for the region’s most significant M&A transactions.
WOOD Real Estate covers the Group’s activities in the field of investment and active management of high-quality commercial real estate and investments in residential and logistics development projects in cooperation with trusted partners.