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 main industrial regions in Slovakia are reporting a lack of accommodation capacity for workers. These are in the vicinities of industrial and logistics parks mostly along highways connecting Bratislava with Košice (D1), leading from Bratislava to the Czech Republic (D2) and the dual carriageway from Trnava to Banská Bystrica (R1).
The developer, belonging to the Bencont Group has already started pulling down the buildings and cleaning the three-hectare area. “We believe that Rínok Rača, which we will begin to construct soon, will be the new centre of the borough and will naturally fit into the life of its citizens,” said Martin Šimurda, representative of the developer Rínok Rača, as cited in the press report.
The new indebting rules tightened by the National Bank of Slovakia (NBS) will primarily impact citizens of the Slovak capital, Bratislava. They will be able to buy on credit, from an average wage, maximally a one-room flat in a new building or a two-room flat in an older block of flats. Other regions will be significantly less affected by the new lending cap, Poštová Banka has found out.
In the first quarter of 2018, the overall offer of office space in Bratislava reached almost 1.72 million square metres. The vacancy rate slightly decreased to 5.99 percent from 6.18 percent in the previous quarter. The lowest vacancy rate was in the Bratislava V district (3.22 percent), the highest in the Bratislava IV district (9.05 percent), the Slovak branch of the real estate services firm Cushman & Wakefield reported on April 20 as cited by the SITA newswire.
The developer Penta Real Estate is preparing the second phase of the Bory Bývanie residential project. It will create 287 apartments in nine, four- to six-storey blocks. It plans to launch the construction during the third quarter of 2018.
Petržalka, the most populated borough of Bratislava, has gotten a new roofed market place, Petržalská Tržnica. It is located in a reconstructed shopping centre of almost 5,000 square metres on Bratská Street. The new market place welcomed its first shoppers on Friday, April 6.
The British retail chain Tesco is continuing the sale of its department stores, former Priors, in Slovakia. Following the sale of its stores in Žilina, Nitra, Prešov and Košice the retail chain is now selling its last piece of real estate in Slovakia, the department store My (We in English) on Kamenné Square in Bratislava. Tesco Stores SR has confirmed negotiations with potential buyers, the Trend weekly reported.