Prologis announced the sale of Prologis Park Galanta-Gan in Slovakia to CNIC Corporation Limited, an investment company wholly-owned by the Government of the People's Republic of China. The park is the largest logistics asset, both by area and investment volume, ever sold in the CEE region.
Prologis Park Galanta-Gan comprises 240,000 sqm of Class-A logistics space across four facilities, all of which are fully leased. The sale includes the BTS 7,000 square meters development, which is currently under construction, for a logistics provider offering industrial plastic waste recycling services.
“With two recent build-to-suit transactions now in place, development of the park is complete,” said Martin Polak, Senior Vice President and Regional Head for CEE at Prologis. “We are now poised for the next steps in our long-term investment strategy for the region.”
The park is situated in Western Slovakia which has gained a flattering reputation for being the production and manufacturing hub of CEE, thanks to the hundreds of suppliers, good infrastructure network, highly skilled workforce and 40+ professionally managed light industrial, warehousing & logistics parks and countless stand-alone owner occupied facilities.
“The overwhelming interest of investors once again confirmed that Western Slovakia, the hub of European production and innovation, is an extremely attractive and liquid investment destination, even when it comes to large single asset deals. The park is the largest logistics asset, both by area and investment volume, ever sold in the CEE region.” commented Miroslav Barnas, CEO for the Czech Republic and Slovakia, Head of Capital Markets at JLL.
Located near the E571, Prologis Park Galanta-Gan has easy access to Bratislava via the D1 highway and good road transport links to Austria, Hungary and the Czech Republic.
Kinstellar and JLL represented Prologis, while Dentons and Colliers advised CNIC.
