ARTICLES LABELLED WITH TAG Slovakia

JLL Slovak Capital Markets & Advisory team has successfully advised on closing a sale of an industrial and commercial park in Vráble. JLL team acted on behalf of the seller, a real estate investment and asset management company, which disposed its industrial asset in Western Slovakia to Proxenta Investment Group. The value of the transaction remains confidential.

Penta Real Estate has sold the Business Centrum Tesla 2 office building project in Košice to Austrian company European City Estates. BCT 2 provides 14,600 square meters of office space. The largest tenants are T-Systems Slovakia, Deloitte, Diebold-Nixdorf and Colonnade. On the seller side, the transaction was advised by JLL. The purchase price was not disclosed upon agreement between the parties.

Martin Miklas was named the new CFO of HB Reavis. He took this position over from CEO Marian Herman, who had kept these responsibilities even after becoming CEO last year. Martin, so far, has mostly been responsible for the non-real estate businesses of HB Reavis shareholder.

Prologis has begun construction of a build-to-suit project for CBA Slovakia on a 6-hectare site in Ziar nad Hronom in the Banska Bystrica Region of Slovakia.

Prologis announced that Martin Baláž has been promoted to Vice President, Country Manager, Prologis Czech Republic and Slovakia.

According to JLL, CEE's real estate investment transactional volume for 2018 was in excess of €13.23 billion and recorded an 11% increase over 2017 (€11.92 billion). JLL has registered continued appetite from investors for the full range of assets across the entire region. Poland smashed its previous record volume set in 2006 (€5.05 billion) with a spectacular €7.2 billion traded, and secured a massive regional share of 54%. Poland was followed by the Czech Republic (€2.51 billion - 19% share), Hungary (€1.85 billion - 14%), Romania (€900 million - 7%) and Slovakia (€820 million - 6%).

Prologis has completed construction of two new speculative facilities totalling 25,300 square meters at Prologis Park Bratislava. The developments include 9,800 square meters in Building 14, of which 2,700 square meters are pre-leased to Electronic Star, an e-commerce retailer and 2,900 square meters to Blitshtein Trading, a food distributor serving major CEE markets, in addition to 15,500 square meters in Building 20.

HB Reavis has received a syndicated loan of €175 million for the construction of the Nivy Station project in Bratislava. The loan is processed through a bank consortium of UniCredit Bank, Tatra banka, ČSOB and HYPO-BANK Burgenland, the transaction agent is UniCredit Bank. HB Reavis utilised the first part of the loan in December of 2018.

Fund management company Redside has closed the largest industrial transaction of 2018 in Slovakia by purchasing Trencin Industrial Park for a sum close to €90 million. With this acquisition, Redside enters the Slovak industrial real estate market.

Tatra Asset Management (TAM) has acquired a portfolio of nine regional retail parks in Slovakia. The seller, which was represented by CBRE, is KLM Real Estate (KLMre). The transaction also includes the pre-emptive right for other retail parks that the developer is currently preparing.