October 16, 2017

Prologis announces sale of Prologis Park Galanta-Gan to CNIC

Prologis announces sale of Prologis Park Galanta-Gan to CNIC

Prologis has announced the sale of Prologis Park Galanta-Gan in Slovakia to CNIC Corporation Limited (“CNIC”).

Prologis Park Galanta-Gan comprises 240,000 sqm of Class-A logistics space across four facilities, all of which are fully leased. The sale includes the BTS 7,000 sqm development, which is currently under construction, for a logistics provider offering industrial plastic waste recycling services.

“With two recent build-to-suit transactions now in place, development of the park is complete,” said Martin Polak, senior vice president, regional head, Prologis CEE. “We are now poised for the next steps in our long-term investment strategy for the region.”

Kinstellar and JLL represented Prologis, while Dentons and Colliers advised CNIC.

“The overwhelming interest of investors once again confirmed that Western Slovakia, the hub of European production and innovation, is extremely attractive and liquid investment destination, even when it comes to large single asset deals. The park is the largest logistics asset, both by area and investment volume, ever sold in the CEE region,” said Miroslav Barnas, CEO of JLL CZ&SK, Head of Capital Markets Slovakia.

The park is situated in Western Slovakia which has gained a flatering reputation of being the production and manufacturing hub of CEE, thanks to the hundreds of suppliers, good infrastructre network, highly skilled workforce and 40+ professionally managed light industrial, warehousing & logistics parks and counless stand alone owner occupier facilities.

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