The Sihoť logistic park, Chocholná-Velčice near Trenčín is coming to life again. The company Signum Ltd. has decided to follow the growing trend of the market and revive an eight-year-old warehouse halls project, the Reality.etrend.sk website reported.
The investor plans to build five warehouses with a total area of 163,000 square metres which is almost 16,000 square metres more than in the original plan from 2008. Four of the halls with an area of 146,942 square metres will serve logistic purposes and one with an area of 15,780 square metres will be for production. The area will also include 367 parking spaces.
While the production hall will produce plastics for the automotive and consumer industries, the logistic warehouses have no known tenants as yet. Signum LtD. admits that the warehouses are a speculative construction.
“There is a standard portfolio of tenants expected, based on logistics and supply,” wrote the investor in the intention for investment, as quoted by Reality.etrend.sk.
Signum LtD. plans to begin the construction process in March 2017 and end it in February 2019. While the original plan to invest €83 million backfired due to the economic crisis and slowdown, the current situation favours the construction of the project.
“The Slovak economy overcame the consequences of the crisis long ago and the demand for new production premises is growing so we decided to proceed with implementation of the proposed action,” wrote the investor.
Since the introduction of the project, Signum Ltd. has become the property of the company Sisban Slovakia, of which one of the partners comes from Saudi Arabia. In addition, the investor moved to a new residence in Vranov nad Topľou (Prešov Region), Reality.etrend.sk wrote.
Caption: Trenčín. Illustration Stock Photo
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