After existing and potential clients showed an eminent interest in central Slovakia, the biggest logistics real estate company in Slovakia, Prologis, began to look for suitable land for the construction of a new industrial park in the desired locality close to Nitra, Banská Bystrica and Zvolen. It found it in Žiar nad Hronom.
“While last year we did not have any ambitions to go farther from our localities in western Slovakia eastwards or northward, the situation has changed so much over one year that we bought land in Nitra and Žiar and decided to expand,” said Martin Baláž, director for leasing and development in the Czech Republic and Slovakia at Prologis.
The plot in Žiar is six hectares in area and Prologis’ plan is to build an industrial park with units of 22,000 square metres.
The Prologis Park Žiar project is now in its initial phase. The plan is to start building the units as soon as possible. Construction will be not speculative, i.e. without any signed contracts.
“As most of the companies that have shown interest are manufacturing companies and these usually need buildings adjusted to their needs, this excludes speculative construction,” said Martin Stratov, Senior Leasing Manager Slovakia.
In the meantime, construction of the Prologis Park Nitra next to the carmaker Jaguar Land Rover is advancing. The company is completing construction of the second of the three planned buildings.
“We registered such a high demand from clients that in 2017 we launched the construction of two units,” said Stratov. They have already signed 10 leasing contracts and are starting to prepare for the construction of the third, biggest unit.
Prologis also operates in Slovakia the Prologis Park Bratislava close to Senec. Last year it sold its facility in Galanta-Gáň and Nové Mesto nad Váhom.
The prestigious architecture award Arch went to the Vallo Sadovsky Architects studio for the Nádvorie (Courtyard) project in Trnava involving reconstruction and extension of a set of historical buildings in the city centre.
After more than a 10 year break, construction work on the derelict skeleton of an unfinished shopping centre in Nitra will resume. The developer Living Park will rebuild it into a complex named Promenáda Living Park, combining shopping with housing. It has already obtained a construction permit, the SITA newswire reported.
Aupark, one of the first modern shopping centres in Bratislava, is to extend its premises. A new block, for which it has already obtained permissions, should add a new parking lot as well as extension of the retail area, the Trend weekly informs on its website dedicated to real estate.
The construction industry is a huge consumer of energy and generator of greenhouse gases. Thus, it is important to pursue green building to reduce these negative impacts. In Slovakia, green buildings and ecological construction make up 20-25 percent of all newly built real estate commented Martin Pribila, an expert in construction and green building in the discussion programme Tablet TV, hosted by the TASR newswire.
Despite geopolitical uncertainty and a slow down in the economic cycle, investment in the global property market has seen a significant rise of 18 percent year-on-year to a new record high of $1.8 trillion, up from $1.5 trillion in 2017. Cushman & Wakefield, which examines global commercial real estate investment activity, assessing cities by their success at attracting capital, came to this conclusion in their latest report.
Fewer than 3,000 new apartments are available on the market of new residential buildings in Bratislava, which is the lowest figure for the past two years. As demand for new apartments is still relatively lively, prices for new units continue to grow slightly, the TASR newswire cited the real estate agency LEXXUS.
The Austrian company Soravia has opened a new retail zone in Liptovský Mikuláš in northern Slovakia, the Retail Park Liptovský Mikuláš. It is 9,000 square metres and is the first investment by the Austrian developer outside Bratislava. The investment totalling €22 million has created 100 jobs so far.