JLL has advised REICO IS ČS on their first industrial acquisition in Slovakia.

The value of the transaction amounts to ca. 38,9 mil. EUR.

March 20, 2019

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, a.s. 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% is fully leased. Tenant base consists 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: „During the last 24 months industrial sector has taken the lead in the Slovak investment market.  Almost 45% 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.“

The Slovak Investment team at JLL is a market leading advisory service which helps investors, sellers & buyers to accommodate their acquisition and disposal requirements. JLL´s Capital Markets team has the largest track-record by the number of deals and investment volume from all the agencies on the Slovak market. In the last 12 months, JLL represented its clients in property transactions worth more than Eur 170 mil. Alongside the above mention in the last 24 months, JLL capital markets team facilitated the acquisition of HB Reavis industrial portfolio in Slovakia (Greater Bratislava) in the total size of 117,000 sqm sale of  Central Shopping Centre in Bratislava (36,000 sqm) or Lakeside Park – office complex of 26,000 sqm size.