News Article industrial investment JLL Slovakia
by Property Forum | Investment

JLL Slovak Capital Markets & Advisory team has successfully advised on closing a sale of an industrial and commercial park in Vráble. JLL team acted on behalf of the seller, a real estate investment and asset management company, which disposed its industrial asset in Western Slovakia to Proxenta Investment Group. The value of the transaction remains confidential.

Proxenta is an investment group operating on the Slovak market since 2009. Own capital together with its client¢s finances are valued in the group¢s portfolio with the current market value exceeding €170 million.

The Industrial park comprises three single storey production halls offering approximately 26,000 sqm of Class-A production (ca. 20,000 sqm) and office (6,000 sqm) space of which 100% is fully leased by a significant company from the automotive industry. Located in Vráble (Western Slovakia) only 15 km from Nitra, which is a regional centre of automotive manufacturing of the country, and 115 km from Bratislava, the park is conveniently accessible from all important transport links and directions.

„We are targeting long-term rental investment projects that provide our company with stable and long-term returns. This is undoubtedly the case with this new acquisition in the Vráble Industrial Park, which we concluded in an exceptionally short period of time after our last acquisition in this particular segment in Bratislava last year. Flexibility and prompt decision making enables us to close this transaction through investor¢s assets quickly and efficiently. A ten-year contract with a high-quality tenant is a guarantee of a safe and profitable investment that we are proud to add to our portfolio,“ adds Pavol Kožík, Proxenta Group Owner.

Peter Nitschneider, Country Manager and Head of Advisory, JLL Slovakia: „During the last 24 months the industrial sector has taken the lead in the Slovak investment market.  Almost 45% of the volume transacted was allocated to logistic and production properties. This transaction confirms that good quality product with a strong covenant located in growing and establishing logistic location is currently highly demanded and liquid.“