March 27, 2018

JLL advises REICO IS ČS on their first industrial acquisition in Slovakia

JLL advises REICO IS ČS on their first industrial acquisition in Slovakia

JLL Slovak Capital Markets & Advisory team has successfully advised on closing an acquisition of Dubnica Industrial Park. JLL team acted on behalf of REICO investiční společnost České spořitelny, which acquired, on behalf of the ČS nemovitostní fond, their first prime industrial asset in Slovakia from developer and investor Invest4SEE Investment Holding GmbH.

Dubnica Industrial Park comprises of 89,400 of Class-A logistic, technical and office space of which 97 percent is fully leased. Tenant base consist of significant companies such as the German corporation Continental (a leading global tyre producer and supplier of technology solutions for the automotive industry), Swiss transportation and logistics company Kuehne+Nagel, the Dutch brewery group Heineken and food chain Lidl. Located in Western Slovakia between the cities of Nová Dubnica and Dubnica nad Váhom (only 1 km away from the D1 highway), the park is conveniently accessible from all important transport links/directions.

Peter Nitschneider, Country Manager and Head of Advisory, JLL Slovakia, commented: “During the last 24 months industrial sector has taken the lead in the Slovak investment market. Almost 45 percent of the volume transacted was allocated into logistic and production properties. This transaction confirms, that good quality product with strong covenant located in growing and establishing logistic location, is currently highly demanded and liquid.“

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