Spectator on facebook

Spectator on facebook

FOCUS SHORT

Demand for industrial premises

STRONG demand for modern industrial real estate has led Prologis, an international owner, operator and developer of industrial real estate, to build new premises in Slovakia as speculative projects, i.e. without any pre-leasing or commitment from tenants.

STRONG demand for modern industrial real estate has led Prologis, an international owner, operator and developer of industrial real estate, to build new premises in Slovakia as speculative projects, i.e. without any pre-leasing or commitment from tenants.

“By analysing market trends and customer demand, we were able to make a sound case for speculative development in Slovakia,” said Martin Polák, vice president and market officer for the Czech Republic and Slovakia at Prologis, as quoted in a company press release. “We are pleased to see that this decision was justified, given that 70 percent of the facility is leased and we are committed to further leveraging market demand to drive growth.”

Prologis signed two new lease agreements in the first quarter of 2013 at Prologis Park Bratislava DC7. The site is now 70-percent leased, with one 7,800 square metre unit still available.

The new leases include 11,900 square metres with DSV, a supplier of transport and logistics services operating in more than 70 countries worldwide, and 4,800 square metres with SHT Technopoint, a wholesaler of sanitary equipment which is a subsidiary of SHT Gruppe, the market leader in Austria.
Prologis launched work on the new project last year, prompted by what it said was strong market demand for modern, strategically-located logistics facilities and the lack of available space in its Slovak portfolio. The company plans to extend Prologis Park Bratislava by 47,000 square metres; the first phase, covering 24,500 square metres, was completed in the third quarter of 2012.

Prologis is the leading provider of industrial space in Slovakia, with three distribution parks located in Bratislava (Senec), Galanta (Gáň) and Nové Mesto nad Váhom, totalling 430,000 square metres, as of 31 December 2012. Its Prologis Park Bratislava is site alongside an exit from the country’s main D1 highway. It currently consists of seven distribution facilities totalling more than 208,000 square metres.

Real estate consultancy company CBRE estimates Prologis’ share of the Slovak industrial real estate market at 34 percent for 2013, followed by PointPark Properties with 10 percent and HB Reavis and CPI Group, both with 9-percent shares.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Transport


Top stories

Czech PM files lawsuit against Slovakia at ECHR

Czech Premier Andrej Babiš sues his homeland in the European Court for Human Rights in connection with records proving his collaboration with the communist-era secret police.

Andrej Babiš

Revitalised industrial building offers work, entertainment and housing

Mlynica is an excellent example of successful conversion of unused industrial building.

Mlynica

Youngest Slovak village is a "communist dream come true” Photo

Dedina Mládeže (The Youth Village) was a mere experiment during the communist era. Now, the still inhabited village has morphed into an open-air museum.

Dedina Mládeže

What are the reasons behind low wages in Slovakia?

The average wage costs per Slovak employee accounts for only 44 percent of the EU average.