PNK Group, an international industrial real estate developer from Russia, entered the European market with the opening of its new industrial park - PNK Park Sereď in the Western Slovak region. The park comprises a 45,000 square meters of Class A industrial space across two completed facilities.
JLL Slovakia announced that as of 1st of August, Barbora Dermeková MRICS, has been promoted to Head of Valuation department with overall responsibility for valuation and appraisal services in JLL Slovakia.
Design & Build, a wholly owned subsidiary of JLL, appointed a new Senior Architect in Slovakia.JLL Slovakia opened its Project & Development Services department back in 2013 and in cooperation with Czech Tétris Design & Build team concluded several successful projects for well established and important local and international clients.
The total investment volume in Slovakia for H1 2018 reached just under €500 million, a significant amount compared to the €535 million for the entire 2017 and record-breaking €850 million in 2016. This is the result of several mid-volume level deals slipping from 2017 Q4 to 2018 Q1/Q2, as well as increased liquidity and investment activity on the Slovak market, according to JLL.
Multi Corporation has announced the appointment of Luca Maganuco as the new Managing Director for Multi Central and Eastern Europe, effective 1 July 2018. He will be responsible for Multi’s activities in Poland, Slovakia and Ukraine.
NEPI Rockcastle announced that, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia from a group of local investors. The aggregate purchase price for Galeria Mlyny was €121.8 million.
In recent weeks, JLL has participated in three large-scale investment transactions in the Czech Republic and Slovakia. These were strategic acquisitions of Wood & Company's real estate fund (the real estate arm of investment group Wood & Company), which recently acquired three premium office buildings.
Park Inn by Radisson announced the reopening of the Park Inn by Radisson Danube Bratislava in Slovakia - after an extensive renovation over the last two years. The hotel is located in the heart of the historic centre, near to Bratislava Castle and the Danube River.
Prologis has begun construction of two new speculative facilities totalling 25,300 square metres at Prologis Park Bratislava. The developments include the 9,800 sqm Building 14, in which 2,900 square metres have been pre-leased by Blitshtein Trading, a food distributor to major markets in Central and Eastern Europe and the 15,500 sqm Building 20.
Penta Investments closed 2017 with a profit of €236 million and its portfolio companies' total assets grew by 6 % to €9 billion. Fortuna, Dr.Max , Prima banka and Privatbanka were the most profitable companies, Penta Real Estate's development activities also contributed to the success. The largest expenditure was allocated for investment in the retail, real estate, healthcare and manufacturing sectors.
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