Coca-Cola HBC Česko a Slovensko, a company within the Coca-Cola Hellenic group, has sold its production and distribution premises of 155,000 square metres, including all technologies, in Lúka near Piešťany to Priemyselný Areál Lúka. The deal followed the decision of Coca-Cola to move its production from Slovakia to Austria. Both parties agreed not to disclose the value of the transaction.
Priemyselný Areál Lúka is a joint venture of the company Slovenské Liehovary a Likérky [Slovak Distilleries and Liqueur Producers], producing spirits and vinegar and Waterholding, producing mineral water, syrups and non-alcoholic beverages.
“Development of our companies, entrance to foreign markets and related increase in production required new premises,” said Andrej Hronský, general director of Waterholding as cited in retailmagazin.sk. “The production-distribution complex in Lúka is an optimal place for further expansion of our production. Its suitable location close to the highway simultaneously gives it all preconditions for becoming a significant logistics centre that will bring us closer to the consumer.”
Coca-Cola HBC Česko a Slovensko announced the closure of its production facility in October 2015. The company remains operating in the Slovak market and sells its products here.
JLL Slovensko, a real estate consultancy company, represented Coca-Cola HBC Česko a Slovensko in this deal.
“It was important for our team to find a buyer, who would acknowledge the modern commercial real estate as well as the rich deposits of underground water which the plant has at disposal and which the project will fit into its strategic planning,” said Samuel Šporka, head of industrial real estate at JLL Slovensko, as cited in a press release.
Sub: Attractive sector
Modern industrial real estate amounting to approximately 1.93 million square metres in Slovakia has been the most active real estate sector during last two to three years.
“It continues to be very attractive,” said Šporka. “Out of seven investment transactions, which were carried out in Slovakia during the first half of 2017 and which amounted to €154 million, three accounted for the industrial sector.”
The PNK Group, an international developer of industrial and logistics real estate from Russia, has joined the European real estate market by constructing a new industrial park called PNK Park Sereď in western Slovakia. Spanning 45,000 square metres of industrial space, the park offers premises for various uses: storage, distribution centres and light industry assembly halls.
After the British carmaker Jaguar Land Lover (JLR) announced its plan to build a brand new plant in Nitra, local real estate prices skyrocketed. Now the situation seems to be calming down. This is because the central bank has tightened conditions for taking out mortgages as well as developers announcing projects for the construction of new apartments.
The Czech investment fund Arete Invest, focusing on investment in real estate, is building a new warehouse for the international chain of fashion e-shops Factcool in the industrial park at Nové Mesto nad Váhom.
Investors in Slovakia are becoming more interested in launching their projects on brownfield sites or old industrial premises, Martin Varačka, head of the department of industrial real estate at CBRE Slovensko, confirmed for the TASR newswire. Apart from their further use for manufacturing or warehousing, new functions including residential ones may also be found for such sites.
The average price of flats in all eight Slovak regional capitals increased over July. Nevertheless, the increase of a mere €8 per square metre, from €1,613 to €1,621 per square metre, is the lowest month-on-month increase over the last few months. Thus, the expectations of Vladimír Kubrický, analyst for Realitná únia, have been fulfilled after he predicted that, following the tightening of conditions for taking out mortgages introduced by the National Bank of Slovakia as of July 1, 2018, there would be a stabilisation of prices.
Investors invested almost €500 million into commercial real estate in Slovakia during the first half of 2018. This almost equals investments for the whole year of 2017, which amounted to €535 million, the data of the real estate consultancy company JLL indicates.
One Fashion Outlet 1 near the village of Voderady, the biggest outlet centre in Slovakia, has filed for bankruptcy, the Trend weekly informed. The further fate is now in the hands of the courts.