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News Release

Bratislava

New lease contracts sighned across all regions in Slovakia


​The Slovak industrial and logistic market has shown increased activity in Q2 2015, mainly when it comes to new leases. The total volume of closed transactions in Q2 2015 has reached approximately 53,000 sq m. Althought the second quarter last year was more active (by app. 15.5%), in comparison to the first three months of 2015 (Q1 2015) we see 22.5% increase of transactional activity.

Net take-up in Q2 represented ca. 46,000 sq m (87% of gross take-up), the rest was secured by renegotiations. The largest transactions in Q2 were – new lease contract in Senec Logistics Center (Goodman) where Alza leased new warehouse in total amount  of approximately 10,000 sq m. The second largest contract of app. 7,000 sq m was signed in Logistics Park Petrovany where Tesco opened its new warehouse and logistic hub. Three additional transactions were closed in Prologis Park Bratislava in total amount of app. 6,800 sq m. Central Slovakia region recorded one transaction where GEFCO leased new 1,700 sq m in P3 Park Žilina.

In Q2 2015 we have also recorded expansions: Quehenberger took additional 4,000 sq m in Senec Logistics Center , Muziker in P3 Park Bratislava (1,000 sq m) and also company Schnellecke, long-time tenant in P3 Park Bratislava, expanded its warehousing and logistics premises for another 2,800 sq m.

New supply in Q2 only in Žilina.

Total stock in Slovakia currently stands at ca. 1.3 mil. sq m.  Small addition - app. 2,500 sq m of new industrial and logistic space was delivered in  P3 Park in Žilina. At the moment over 120,000 sq m is under construction focused mainly in greater Bratislava region.
„The Slovak industrial and logistic market with its lease activity in the first half of the year returns to pre-crisis period. Also Slovak capital market was the most active in the industrial and logistic sector and we expect that this positive momentum will continue in H2,“ says Martin Stratov, Head of Industrial Agency, JLL Slovakia.

Investor interest in Slovakia is currently focused on logistics and light industry segment.

In H1 2015, two smaller deals were successfully closed. The light industrial park Ryoka was sold in Nitra, Western Slovakia, to a local investor and the former Panasonic factory in the Eastern Slovakia was as well acquired by domestic investor. There are three other industrial deals with scheduled closing during the summer and another three should close by the end of 2015.

​VACANCY RATE

Vacancy rate currently stands at 3.62% level with vacant leasable area of app. 40,000 sqm in greater Bratislava region, 3,500 sq m in Eastern Slovakia and 2,000 sq m in both - Western and Central Slovakia.