Slovakian developer JTRE has appointed Juraj Marko as its UK managing director to lead the company’s investment strategy across London, EG can reveal.
Marko will be responsible for establishing a new office in London and overseeing further residential and office development opportunities.
Marko first joined as a project manager in 2004 and became senior project manager in 2014.
This is the latest step in the developer’s capital city conquest, after EG revealed in May this year that JTRE was in talks to buy London-based developer Sons & Co to further its expansion.
The Slovakian developer also revealed to EG that it is looking to invest £350m into Zone 1 sites over the next three years and wants London to account for approximately 50% of its revenues within the next 10 years.
The company made its UK debut alongside Sons & Co in July last year with the acquisition of 185 Park Street site in SE1, which has a GDV of £400m. The development is earmarked for a 2021 completion date
Peter Korbačka, founder of JTRE, said: “London is a strategic step for JTRE and appointing Juraj Marko as UK country lead will fast-track our London investment programme.
“London promises enormous potential for growth and the city is a global gateway from which to build our international business. We’re hugely excited about showing London what we can do and we’re very keen to acquire further sites where we can demonstrate our dynamic and innovative approach to urban development.”
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