GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (Maximus) from funds managed by affiliates of Apollo Global Management, Inc., a leading global alternative investment manager, for a net consideration of approximately €950 million. This acquisition is in line with GIC’s strategy to scale up its fully-owned P3 logistics platform and reinforce P3’s position as a leading developer and manager of logistics properties in Europe. 

Irish clothing chain Primark‘s long-anticipated market entry into Slovakia has been confirmed as the company has signed a lease agreement with Eurovea. At the same time, the shopping centre has announced that it reached 70% occupancy in the forthcoming extension. Cushman & Wakefield facilitated the transaction.

Invest4SEE has sold the second phase of the Invest4SEE Industrial Park Dubnica to REICO’s ČS nemovitostní fond for around €9.5 million. CBRE represented Invest4SEE in the negotiations.

Resco, one of the global leaders in mobile business solutions, has leased more than 2,400 square meters at Nivy Tower, the newest office building by the Slovak developer HB Reavis. With this lease, the company ranks among the first tenants of the highest high-tech building in Slovakia and in April 2020 will move its Slovak headquarters together with all 100 employees to the new modern and functional premises.

Jakub Volner has been appointed as the new Head of Industrial Agency at JLL Slovakia. Jakub joined the company in 2016 and during his time he enjoyed the professional experience at the Industrial Agency department while working on some of the largest lease transactions as well as significant sales of several production halls across Slovakia.

Immofinanz has successfully completed the repositioning and modernisation of its VIVO! Bratislava shopping centre. After a renovation period of nearly 12 months during full operations, the opening of the new shops was celebrated today. VIVO! Bratislava now has 170 speciality shops on 36,000 sqm of rentable space, with many new tenants. The food retailer Lidl and the fashion retailer LPP Group have joined as anchor tenants, and the overall offering has been increased by 20 new brands including, for example, Reserved, Mohito, House, Cropp and Sinsay. Immofinanz has invested roughly €25 million in the modernisation and renovation of the facility, which previously operated as the Polus City Center in Bratislava.

MVGM closed the acquisition in Germany, Slovakia and Romania as part of its deal to acquire JLL’s European property management business and the alliance partnership in 10 European countries.

With the recent acquisition of a business park located at Košice airport, CTP has become the market leader as the largest developer and owner of industrial and logistics real estate in Slovakia.

P3 Logistic Parks is expanding its activities with its first project in eastern Slovakia. It is starting construction of a modern logistics and industrial park near the village of Nová Polhora. This is an attractive location for developers and business, offering easy access via the D1 motorway to the metropolises of eastern Slovakia – Košice and Prešov – and logistics connections to neighbouring countries.

Mountpark Logistics, a developer of industrial and logistics property, has acquired a 30 hectare site at Bernolakova, Bratislava, which has the potential to deliver up to 120,000 sqm of new logistics accommodation.