September 14, 2018

PNK Group enters the European industrial real estate market

PNK Group enters the European industrial real estate market

PNK Group, an international industrial real estate developer from Russia, entered the European market with the opening of its new industrial park - PNK Park SEREĎ in the Western Slovak region. The park comprises a 45,000 sqm of Class-A industrial space across two completed facilities.

"When we decided to enter the European market, we knew that Slovakia was the perfect location to start. PNK Park SEREĎ has excellent transport accessibility and human resource availability. We see interest from a wide range of companies - from e-commerce and logistics to manufacturing companies operating in central Europe,” said Partner of PNK Group Europe, Azamat Yerzhanov. “It was a good choice of location, and we have big plans for developing this industrial park. In addition to the two finished facilities, the park has 50 more hectares available for build-to-suit projects."

Located near the R1 expressway, the park has convenient and easy access to Bratislava (55 km) via D1 highway and good road transport links to Austria, Hungary and the Czech Republic.

A distinctive feature of the park, say the developers, is an advanced technology of reinforced concrete frame, where the columns, the walls and even the trusses are built of a strong reinforced concrete. Above that, design of the trusses utilizes a technology, which is considered leading-edge in the European market and is used for construction of industrial facilities by only a few of the most advanced developers.

One of the facilities occupies and area of around 12,000 sqm with 10 metres clear internal height. This modern industrial development offers flexible division of the space into smaller units with minimum of 700 sqm area.

Larger and medium-sized business looking for units starting at approximately 3,000 sqm will find suitable solution within the second building which provides ca. 32,500 sqm of a leasable industrial space and clear internal height of 6 euro pallets levels. The property supports cross-docking operations.

Both buildings are BREEM-pass certified and comply with the FM Global international property insurance standard.

“This new entry underlines the attractiveness of Slovakia on the industrial map. The market has gained another experienced developer focusing towards the quality of the product. The park is situated in Western Slovakia which has gained a flattering reputation of being the production and manufacturing hub of CEE region, thanks to the hundreds of suppliers and good infrastructure network,“ commented Peter Nitschneider, Country Director and Head of Advisory at JLL Slovakia.

Tomáš Horváth, Director of Industrial Agency Colliers International Slovakia, commented: “For the industrial market of the Central and Eastern Europe region, the entry of a big player, such as the PNK Group, is good news. In the competition, it strives to succeed with quality real estates. In Slovakia, our company, which will provide the management of a newly built park in Sereď also helps to maintain a high standard of buildings for logistics. We believe the company will do well in our region, as we can also see space for further growth due to the growing demand from the automotive industry.”

Anton Jasenovec, Head of Industrial and Logistics department SK, Cushman & Wakefield, commented: “Beginning of the year the PNK Group entered onto the Slovak industrial market with its projects in PNK Park Sereď. The location, high quality of the project and the timing were greatly planned at time where the Slovak market records boom on the industrial field. I see the biggest Russian developer on the Slovak market as a highly positive impulse and the opportunity for the production companies, logistics providers and wholesale chains to use a great potential for their expansion. I wish all the best to PNK and looking forward to start a fruitful collaboration.”

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