Slovak logistics supply doubles over five years

Slovak logistics supply doubles over five years

Published at: 2017-12-06 10:58 | Author: CIJ Journal
Logistics and industrial supply in Slovakia has increased from 1.6 million sqm to 2 million sqm over the last five years, according to JLL. Samuel Šporka, head of industrial and logistics at JLL, told the Slovak Spectator that this trend reflects “the positive economic situation in Slovakia and especially in western Slovakia, where more than 90 percent of all logistics real estate are concentrated.” Consultancies are pointing to the automotive and e-commerce sectors as the main growth drivers. Jaguar Land Rover is set to open a 300,000 sqm plant in Nitra in late 2018, following a €1.4bn investment. Prologis, meanwhile, citing a spike in e-commerce interest, broke ground in September on two out of three planned halls for its new Nitra park. Completion is set for mid-2018 and will add 62,325 sqm of GLA to the property. The developer said it has already pre-leased 80 percent of the space. Martin Polák, senior vice president and regional head of Prologis Central and Eastern Europe, told the Slovak Spectator that construction will start on the third hall once 50 percent of the planned space has been leased, which he anticipates will happen next year.

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