REICO buys its first industrial property in Slovakia

21
Mar
2018
News - REICO buys its first industrial property in Slovakia #Czech Republic #industrial #investment #JLL #logistics #REICO #Slovakia

by Import Sys | Investment

REICO investiční společnost České spořitelny, a.s. has acquired, on behalf of the ČS nemovitostní fond, their first prime industrial asset in Slovakia from developer and investor Invest4SEE Investment Holding GmbH. JLL advised REICO IS ČS on their first industrial acquisition in Slovakia with a transaction value of €38.9 million.


Dubnica Industrial Park comprises 89,400 of Class-A logistic, technical and office space of which 97% is fully leased. The tenant base consists of companies such as the German corporation Continental (a leading global tyre producer and supplier of technology solutions for the automotive industry), Swiss transportation and logistics company Kuehne+Nagel, the Dutch brewery group Heineken and food chain Lidl. Located in Western Slovakia between the cities of Nová Dubnica and Dubnica nad Váhom (only 1 km away from the D1 highway), the park is conveniently accessible from all important transport links/directions.
 
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 into logistic and production properties. This transaction confirms, that good quality product with strong covenant located in growing and establisthed logistic location is currently highly demanded and liquid.“



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