The official launch of construction of two halls in Nitra (source: Courtesy of Prologis)
Prologis, the biggest developer in logistics real estate in Slovakia, has started the construction of two logistics facilities at its new Prologis Park Nitra in Slovakia. The expected completion of both buildings is scheduled for the second quarter of 2018.
Prologis Park Nitra, with a future total leasable area of 95,000 square metres of modern premises, is located next to the new Jaguar Land Rover (JLR) plant. This is now under construction with plans to launch production in late 2018.
“Prologis Park Nitra will be a valuable addition to our growing portfolio of assets in Slovakia, where we are the leading provider of logistics facilities,” said Martin Polák, regional head of Prologis Central and Eastern Europe on the official launch of the construction, on October 10.
Companies, suppliers of JLR and also other companies, have shown a high interest in renting space in the two halls totalling more than 62,000 square metres when almost 80 percent of their total space is either pre-leased or booked. These include Plastic Omnium, Air International and MC Syncro.
Later in 2018, depending on interest from potential tenants, Prologis plans to build a third hall.
The developer did not specify the sum it is investing into the 20-hectare park.
“It will be in the tens of millions of euros,” said Polák.
Prologis acquired land for the construction of its fourth logistics park in Slovakia next to the future carmaker last spring.
“We’d been looking at the locality of Nitra for a longer period of time,” Polák told The Slovak Spectator. “At the moment it was officially announced that JLR would build its plant here, we became interested in it.”
