In a rather unorthodox move the Roman Catholic Church in Slovakia has moved into the property business. The Church plans to build a massive project in the Petrzalka borough of Bratislava for EUR 300 million. The plans have already been given the thumbs up from the Environment Ministry.
The project will comprise around a thousand flats, a shopping lane and business premises, and the Church is hoping to get construction work underway in 2012. “Considering the economic situation, it is not possible to project the dates for next steps,” said spokesman for Bratislava archdiocese, Jozef Halko.
This is one of the first developer projects planned by the Catholic Church in Slovakia, with a previous one in Banska Bystrica recently being cancelled due to protests of local clergy about its location.