The Saudi-Arabian company Sisban has started building a brand new logistics park near the village Chocholná-Velčice in the Trenčín Region. Sihoť Park will spread over 160,000 square metres, while investments are projected at €50 million. This is the company’s first investment in Slovakia, the TASR newswire reported.
Apart from logistics, the new park, to be completed by July 2019, will focus also on light industry. It will consists of two halls, 36,000 square metres and 12,000 square metres large, respectively. The plan is to employ 600 people after the park is complete, said Robert Hanka from Sisban.
The Sisban company has been on the global market for 10 years, operating in 10 countries in Asia, Africa, North America and Europe, Hanka specified. It focuses on construction, food production, management of hotels and also agriculture.
Its investment in Slovakia is also its first investment in Europe. As Hanka explained, they didn’t want to go into the west nor the east, thus they chose Slovakia as it is in the middle of Europe, as well as having good infrastructure, transport connections and qualified people.
The new city district Bory, between the Small Carpathians and the Morava River in Bratislava, continues to grow. Its developer Penta Real Estates has announced two more phases to the residential area. After completion, the new district will feature offices, shops, parks and amenities including a kindergarten, besides housing.
Housing construction in recent years has lagged behind consumer demand in Slovakia. Not only were new apartments bought, but also older homes, whose prices were pushed higher by the acute shortage of new residential buildings.
Long-term manager and developer of logistics warehouses, P3 Logistic Parks, continues to record strong growth over the past 12 months. This has been driven, in part, by the boom in online demand, which has fuelled the need for strategically-located warehouses in Europe. P3’s customer base has grown by 20 percent, with customer retail share surpassing 30 percent for the first time in the company’s history.
Housing affordability in the Bratislava Region is the lowest compared to the remaining seven regions of Slovakia. This is true for employees with an average monthly wage of €1,360 and average prices of residential real estate. While the average wage in this region is 39 percent above the national average, the average price for one square metre of real estate is 117 percent higher than the average, specified VÚB bank analyst Andrej Arady.
Company owners are searching for more effective solutions for managing their companies. One of such solution is shared office space; as much as 80 percent of companies using this solution put cost reduction as the reason. This way they save especially on costs needed for acquisition of offices and rentals, as well as repair and maintenance costs, a survey conducted by International Workspace has confirmed.
Extensive reconstruction of Mlynské Nivy Street in Bratislava and construction of a brand new central bus station, including an adjacent high rise office building, are progressing. Currently almost 450 workers of various professions and 18 cranes are working on it, the biggest construction site in central Europe at 4.4 hectares large. The developer HB Reavis still promises to launch the new bus station in late 2020.
In the former industrial zone on Račianska Street in Bratislava, next to the Lidl retail store, stands an old brick smokestack and concrete beams. These are the remnants of a long defunct parquet factory. Developer Corwin plans to replace the remnants with Guthaus, a residential complex with a new vision for housing quality.