Mountpark Logistics has started construction work on a 26,000 sqm inventory distribution centre at Mountpark Sered in Slovakia. The building, which has the potential to create over 300 jobs for local people, has been designed to achieve BREEAM ‘very good’ accreditation and is on schedule to complete in the first quarter of 2021.
Total real estate investment volume in Slovakia in H1 2020 reached €432 million which represents a 66% increase on the same period last year, according to data by CBRE. The volume was spread among ten transactions, with the average value of the deals amounting to €43 million, compared to €27 million last year.
108 Agency is expanding into the Hungarian market. The company has now started its operations by cooperating with three local professionals István Fazekas, Marcell Szotyori-Nagy and László Kemenes who have many years of experience in commercial real estate.
The industrial real estate sector remains the least affected commercial real estate sector in Slovakia. In the second quarter, the market recorded solid leasing activity, reaching almost 120,000 sqm of industrial space. Cushman & Wakefield published its Q2 2020 snapshots for Slovakia’s office, retail and industrial sector.
Simultaneously with the opening of the R7 motorway section in Southern Slovakia, the Log Center R7 logistics centre project gained its building permit for its 30,000 sqm logistics hall. The project is developed by Austrian developer Go Asset.
Penta Real Estate has successfully completed the sale of Bory Business Park project to the Karimpol Group development company. The land with a total area of 60,000 sqm is located in the new Bory district in Bratislava and was sold together with a building permit. The project allows the construction of retail space with the possibility of combining showrooms, offices and storage. Both parties have agreed that the transaction value will not be disclosed.
Penta Real Estate’s Sky Park Tower in Bratislava, a high-rise office building designed by Zaha Hadid Architects, has a building permit issued and is currently awaiting its legal force.
Slovak real estate company JTRE has agreed a construction loan of £177 million with ICG Real Estate on its flagship London development, Triptych Bankside. The loan will be for the development finance of the £400 million GDV mixed-use scheme which, when complete, will deliver residential, office, and retail at 185 Park St, SE1. Construction is scheduled for completion in 2022.
Gorkého 4 Offices in Bratislava’s Old Town, located in the building of the former Chamber of Commerce, has secured its first tenant. Wood & Company will lease the space from owner Kooperativa insurance company, a member of the Vienna Insurance Group. The new tenant will move in in the coming weeks.
Since the start of this year, Penta Real Estate has closed the sale of three office buildings in its portfolio. After selling Rosum in Bratislava, the company completed a transaction in Poland within a single month by selling the office complex D48 and the office building BCT1 in Košice.
Orbico, an European FMCG distributor, has extended its lease agreement for 1,030 sqm of office space in building B of ISOC-owned Silesia Business Park in Katowice. The tenant was represented by real estate advisory firm Cresa Poland.
Impact Developer & Contractor Romania announced the opening of an office in Iasi, in Moldova Center and the fifth one locally. The company will soon launch construction works on the Greenfield Copou residential project in the city.
The American insurance company Massachusetts Mutual Life (MassMutual) rented 1,700 sqm offices in Record Park in Cluj-Napoca, developed by Speedwell. The 15,000 sqm project reached an occupancy rate of 94%.
New appointments
JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. Ciprian Sîrbu has over 10 years of experience in logistics, e-commerce, and industrial supply chain, completed by 7 years in which he worked in the IT field. His role within JLL is to provide advice to customers in streamlining the supply chain like the need for such services increases.
Simona Costache has joined Romanian developer One United Properties as Executive Director, Residential Sales. With 15 years of experience in real estate, Simona has been involved in sales, rental and facility management for residential developers in Bucharest.
Penta Investments has appointed three new Partners. Fabrice Dumontheil, Václav Jirků and Marián Slivovič have become co-owners and leaders of Penta. Fabrice Dumontheil has been with Penta since 2012. He is the CFO of the entire group, responsible for the strategic financial management of Penta group as well as for group IT strategy. Václav Jirků will be responsible for managing the healthcare investment portfolio as well as the international network of Dr.Max pharmacies. Marián Slivovič will primarily cover Penta's investments in banking and Slovalco, as well as in media projects in Slovakia and Czech Republic.
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