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Prešov and Honeywell Turbo seal land-purchase contract

The mayor of Prešov, Pavol Hagyari, and the authorised representative of investor Honeywell Turbo, Petr Krulis, have signed a purchase contract for land in the IPZ Prešov-Záborské industrial park, the SITA newswire reported.

The mayor of Prešov, Pavol Hagyari, and the authorised representative of investor Honeywell Turbo, Petr Krulis, have signed a purchase contract for land in the IPZ Prešov-Záborské industrial park, the SITA newswire reported.

The parties agreed upon the sale of plots covering over 5 hectares that are connected to the power, gas and water distribution systems.

The price per square metre was set at €30 excluding VAT; the investor is due to transfer €1.5 million to the city within five days after its entry into the Register of Immovable Property Rights, SITA reported.

Honeywell Turbo plans to construct production units on the land by the end of this year. Production of turbochargers is slated to begin in summer 2012.

Source: SITA

Compiled by Michaela Terenzani from press reports
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