CRESCO REAL ESTATE

Name

CRESCO REAL ESTATE

Legal name

CRESCO REAL ESTATE a.s.

Website

https://cresco.sk

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Residential real estate development
• Commercial property leasing
• Urban master planning
• Mixed-use development
• Brownfield revitalization

Headquarters

HQ city

Bratislava

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: Primary revenue stream from selling apartments, penthouses, and townhouses across residential developments. Units range from entry-level (Tíšiny from €174,838) to ultra-premium (Q project on Danube promenade). Revenue recognized upon completion and handover to buyers.
2. Commercial Office Leasing: Commercial properties including UNIQ Staromestská (7,565 m² office space), Metropolitan (3,500 m²), generating recurring rental income from tenants including professional services firms.
3. Retail Center Operations: Slnečnice Market shopping center (8,300 m²) with 30+ retail tenants generating rental income and common area maintenance fees. Tenants include BILLA, JYSK, Billa, and food court operators.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

CRESCO REAL ESTATE develops and sells master-planned residential properties (apartments, penthouses, townhouses) and leases commercial real estate (Class A offices, retail centers) across Slovakia and the Czech Republic. The company specializes in mixed-use urban districts integrating residential, commercial, and public spaces, with a flagship ~100-hectare Slnečnice project in Bratislava planned for 10,000 apartments. Revenue is generated primarily through direct residential unit sales (80%+ of revenue), recurring commercial office and retail leasing, and strategic joint ventures with capital partners.

Product overview

CRESCO REAL ESTATE operates as a real estate development company offering residential and commercial properties across Slovakia and the Czech Republic. The portfolio includes flagship residential projects (Slnečnice, III Veže, Tíšiny, Agáty, Q, Yards Žižkov, SO-HO Holešovice), commercial properties (UNIQ Staromestská, Metropolitan, Slnečnice Market), and mixed-use developments (Polyfunkčný dom Južná trieda, Mlynská bašta). The flagship project Slnečnice is the largest modern residential district in Slovakia, spanning nearly 100 hectares with 10,000 planned apartments. The company also developed historical restoration projects like Mlynská bašta in Košice.

Differentiator

Problem solved

Functional benefit

Brands

• Slnečnice: Flagship residential district development in Bratislava's Petržalka — the largest modern residential quarter in Slovakia, spanning nearly 100 hectares with 10,000 planned apartments and comprehensive civic amenities including parks, retail, and educational facilities.
• UNIQ
• III Veže
• Tíšiny
• Q
• Yards Žižkov
• SO-HO Rezidence

Products and services

• Slnečnice The largest modern residential district in Slovakia, located in Bratislava's Petržalka district, spanning nearly 100 hectares with 10,000 planned apartments. Features two interconnected zones (Zóna viladomy and Zóna mesto) with parks, cycling paths, and civic amenities including retail, schools, and public transport connections. Home to 8,000+ residents.
• III Veže The first high-rise residential building in Slovakia, completed in 2009. Three towers in Bratislava's Nové Mesto offering 633 apartments with sizes from 40 to 220 m², panoramic city views, and 3,600 m² of commercial space.
• UNIQ Staromestská Boutique administrative building with commercial spaces in Bratislava's Old Town. Offers 7,565 m² of LEED Gold-certified office space designed by Bogle Architects, with hotel-style reception, concierge services, and 24/7 access.
• Tíšiny Boutique residential development in Bratislava's Nové Mesto (Zátišie area). 41 apartments (38 units and 3 penthouses) with premium specifications including hardwood flooring, underfloor heating, central cooling, and electric exterior blinds. Designed by AT26 Architects.
• Q Premium residential development on the Danube's left bank promenade in Bratislava's Old Town. 256 one- to five-room units across four buildings with wellness area, swimming pool, gym, coworking spaces, and lobby. Designed by Bogle Architects. Construction planned to begin 2027.
• Yards Žižkov Residential development revitalizing the former Nákladné nádržie Žižkov brownfield site in Prague. Over 1,100 apartments across two phases. Developed in partnership with WOOD & Company. Designed by QARTA Architektura.
• Metropolitan
• Slnečnice Market Shopping center serving as the gateway to Slnečnice Mesto zone. Opened in 2017 with over 30 retail units (8,300 m²), gastrozones, family centers, and 200 parking spaces. Anchor tenants include BILLA, JYSK, and 101 Drogerie.
• Polyfunkčný dom Južná trieda Mixed-use development in Košice city center at the intersection of Južná trieda and Námestie Osloboditeľov. 286 apartments with public space, commercial services, and underground parking. Designed by What Architects.
• Mlynská bašta Residential project in Košice center featuring restoration of the national cultural monument Mlynská bašta. 134 apartments (1-4 rooms) with 1,350 m² of commercial space. Highest energy standard A1.
• Agáty Residential project in Bratislava's Dúbravka near Devínska Kobyla nature reserve. 122 apartments and 29 houses with gardens, community heated pool, and perforated façade. Designed by Compass Architekti.
• UNIQ Majakovského Residential development on Majakovského street in Bratislava near Horský park. Three low-rise buildings with 44 premium apartments, clean modern lines, and connection to nature. Designed by Bogle Architects.
• SO-HO Holešovice Residential project in Prague's Holešovice district with 550 apartments and 4,000 m² of commercial space. First phase (Tesla building renovation) completed in 2024, second phase under construction. Designed by QARTA Architektura.

Quantifiable outcome

• Ranked #1 largest residential developer in Slovakia
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Bevk Perović ArhitekticoreStrategic or Co-development Partner · 23 February 2026Renowned Slovenian architectural studio selected through international competition to design Slnečnice zones A3+A5. Won competition among seven international firms for quality architectural solution with clear concept and diverse housing typologies.
• CBRE Property Management GroupcoreImplementation/ SI/ Consulting Partner · 9 May 2017CBRE serves as building management partner for UNIQ Staromestská commercial property, providing property management services. CBRE manages 43 projects across 5 European countries with 180 international property management specialists.
• XX REAL KošiceminorChannel Partner/ Reseller/ Distributor · 10 June 2016Local real estate agency serving as sales partner for Mlynská bašta project in Košice, providing complete sales service including mortgage advisory services through Hypocentrum brand.
• Bogle ArchitectscoreStrategic or Co-development PartnerWorld-renowned London-based architectural studio designing CRESCO's premium projects including Q (Danube waterfront), UNIQ Staromestská, and UNIQ Majakovského. Ian Bogle previously worked with Norman Foster on London's Gherkin building. Studio has Prague and London offices with 20+ architects each.
• QARTA ArchitekturacoreStrategic or Co-development PartnerPrague-based architectural studio with extensive brownfield revitalization experience. Responsible for SO-HO Holešovice project design and Yards Žižkov master plan, working on rehabilitation of former freight railway yards into modern residential districts.
• Compass ArchitekticoreStrategic or Co-development PartnerSlovak architectural studio led by Juraj Benetin and Matej Grébert, responsible for Slnečnice master plan and Agáty project. Core long-term partner for residential district design emphasizing quality public spaces.
• PMArchitekticoreStrategic or Co-development PartnerArchitectural studio designing Slnečnice zone AB1, adding 912 apartments and penthouses across 11 residential buildings to the quarter.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• HB Reavis: Slovak-founded real estate developer with major CEE projects including Nivy Station in Bratislava. Similar scale, mixed-use approach, and international expansion strategy make them a direct comparable for CRESCO's integrated district development model.
• Central Group: Largest Czech residential developer with significant Prague portfolio and strong brand recognition. Direct comparable given residential focus, similar scale, and overlapping Central European market exposure.
• Penta Real Estate: Real estate arm of Penta Investments, active in Slovak and Czech markets with residential and commercial projects in Bratislava and Prague. Comparable scale, regional focus, and integrated neighborhood approach.
• J&T Real Estate: Real estate division of J&T Group, active in Slovak and Czech markets with residential and commercial developments. Comparable scale, regional concentration, and developer model.
• YIT Slovakia: Finnish developer's Slovak operations focused on residential projects in Bratislava. Direct comparable given residential focus, similar product positioning, and overlapping customer segment.
• JRD: Czech residential developer focused on Prague market with premium positioning. Direct comparable for product type, customer segment, and Prague geographic focus.
• Trigema: Czech real estate developer with significant Prague portfolio including residential projects. Comparable scale and product mix in Central European residential development.
• Satpo: Czech residential developer with Prague focus on premium apartments. Direct comparable given similar product positioning, target customer segment, and Central European geography.

Broad incumbents

• CPI Property Group: Major CEE real estate group with extensive commercial and residential portfolios across the region. Larger and more diversified than CRESCO but operates in same geographies with overlapping asset classes, including office and retail.
• Skanska: Swedish construction and real estate developer with established CEE presence including residential projects in Czech Republic and Poland. Broader portfolio but overlaps with CRESCO in residential development and sustainable building practices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/crescorealestatesk
• LinkedInlinkedin.com/company/crescorealestateslovensko

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries36 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CRESCO REAL ESTATE