Avestus Capital Partners is pleased to announce the establishment of a joint venture with the Cresco Group, one of the largest residential developers in Slovakia. It is anticipated that the joint venture will develop a substantial mixed-use commercial, residential and retail development thereby creating a new borough to the south of Bratislava adjacent to one of the most densely populated residential areas in Central Europe.  As one of the largest development projects in Slovakia, the joint venture is scheduled to deliver in excess of 700,000 sqm of built area which will include new schools along with retail and office space and in excess of 4,000 residential units. The development of this multi-phased scheme will take place over the next 7 – 10 years and will be supported by a new light rail system which is currently under construction and will directly service the location.