The largest single asset logistics transaction ever closed in the CEE region
Logistics Park Galanta in Slovakia totalling 240,000 sqm, sold by JLL
The Investment team at JLL Slovakia, together with PanEMEA industrial team, has successfully closed historically the largest single asset logistics transaction in the CEE region.
JLL team acted on behalf of the seller – Prologis. The global leader in logistics real estate today announced the sale of Prologis Park Galanta-Gan in Slovakia to CNIC Corporation Limited ("CNIC").
Prologis Park Galanta-Gan comprises 240,000 square metres of Class-A logistics space across four facilities, all of which are fully leased. The sale includes the BTS 7,000 square meters 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.”
This prime investment opportunity drove strong interest among a number of institutional investors and asset&wealth managers.
“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.” says 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.
Located near the E571, Prologis Park Galanta-Gan has easy access to Bratislava via the D1 highway and good road transport links to Austria, Hungary and the Czech Republic.