PNK concludes sale of industrial buildings in Slovakia

“Facilities in PNK Park Sered’ stand out as investment product by perfectly fitting into investment portfolios of many investors active in the CEE region. The combination of long leases, strong covenants and a major focus on LPP’s regional distribution warehouse for online sales secured strong competition among institutional bidders,” says Rudolf Nemec, Head of Capital Markets at JLL Slovakia, which facilitated the transaction.

Rudolf Nemec

Head of Capital Markets Slovakia
JLL

Rudolf joined JLL in 2013. He has been providing a full range of buy-side and sell-side services, covering offices, retail, industrial and hotel sectors. Rudolf has had very intensive 6 years of professional experience and prior real estate educational background. During his time at JLL, he has worked on all major post-crisis real estate transactions in Slovakia. Rudolf graduated with MSc in Real Estate from Cass Business School, London, UK. He is a member of the Royal Institution of Chartered Surveyors & recipient of RICS' Chris H. Bennett Memorial Award.

 More »

“We continue to develop our PNK Park Sered’. The third facility with a total area of 43,165 sqm will be ready in summer. We observe quite a big interest in our industrial park from new tenants. And in our plans to construct three more facilities with a total area of 183,546 sqm which are suitable to be used as warehouses, distribution centres, and for light industrial purposes as well” said Azamat Yerzhanov, Partner of PNK group Europe.

For the past year, investors have been trying to avoid acquiring schemes solely dependent on the automotive sector and rather preferred assets with tenants operating in logistics and online retail business. PNK Park Sered stands out with its balanced tenant base, outstanding technical quality and is set to be expanded further in the upcoming years by additional leasable area of 227 thousand sqm.  Modern industrial and logistic complex is located in the well-established logistics & industrial hub on R1 highway in Western Slovakia next to the Amazon return centre and Lidl distribution warehouse.

“The acquisition of PNK Park in Sereď improves regional and sectoral diversification of our property portfolio hence reduces its portfolio risk. At the same time, this investment increases the income generation potential of our fund over the long term especially thanks to a very long term commitment of quality tenancies to this premier logistics property’ says Tomáš Jandík, Chairman of the Board of Directors of REICO IS ČS.

Tomáš Jandík

Chairman of the Board of Directors
REICO

As a board member, Tomáš carries overall responsibility for property business at REICO, an investment company of Česká spořitelna, a.s., member of Erste Group Bank AG. REICO was established in 2006 to run the ČS nemovitostní fond (CSNF) which is the largest and oldest Czech open-ended real estate fund with current NAV in excess of ca. EUR 800 mln. Tomáš joined REICO in May 2016 from a position of capital markets director at CBRE Prague, where he spent over 5 years. In his previous roles in EY and DTZ (currently Cushman&Wakefield), Tomáš also gained insight into financial audit, valuation and retail asset management. He is a graduate of the Humboldt-University in Berlin and College of Estate Management in Reading. Tomáš is CFA charter holder and a member of the Czech CFA Society since 2014. More »