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.
Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.
New appointments
Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
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