Panattoni will build a logistics park in Slovakia for BHS Real Estate Fund

by   CIJ News iDesk III
2021-07-30   09:54
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BHS Real Estate Fund, in cooperation with the industrial real estate builder Panattoni, will build a new logistics park near Bratislava. The project called Panattoni Park Bratislava North responds to the high demand for warehouse space, which will have excellent transport services for Slovakia, Austria, the Czech Republic and Hungary.

The Panattoni Park Bratislava North logistics complex will be built on land with an area of ​​330,000 sqm near the village of Plavecký Štvrtok with a connection to the D2 motorway. The total amount of the investment will exceed the amount of CZK 1.5 billion. In the first phase, two modern halls with a number of sustainable elements with an area of ​​12,000 and 6,000 sqm will be built in the area. Both halls, in the highest production and logistics standard, will aim at a high evaluation of the international environmental certification BREEAM New Construction.

"The coronavirus pandemic has significantly increased the demand for logistics centers, so BHS Real Estate Fund has decided to enter this dynamically developing part of the real estate market," says Pavel Borovička, CEO of BHS REF.

"I am glad that for the third Panattoni project in Slovakia we got this location where the long-term potential was presented in the past, but there was no investor and builder of industrial real estate to fully discover and develop it," says Erik Ivaničko, director of the Slovak branch Panattoni.

The establishment of the Panattoni Park Bratislava North complex will increase supply capacities, which will significantly increase the efficiency of the operation of commercial and industrial enterprises in the vicinity of Bratislava. In addition, the expansion of companies into the desired region will be supported, which is currently tight due to limited logistics capacities. The park will bring benefits for the region, self-government but also for citizens. In addition to supply chain development, the new park will also help develop e-commerce.

"The start of cooperation with the investment fund BHS Real Estate Fund confirms the growing interest of investors in quality logistics in the Czech Republic and Slovakia. The industrial real estate segment offers investors a very interesting return-to-risk ratio in the long run, with the demand for these types of transactions increasing in the last few years, ”says Karel Klečka, Panattoni's Capital Markets Director for Europe.

"BHS Real Estate Fund has so far focused mainly on investments in modern office buildings in the Czech Republic. Thanks to the new Panattoni Park Bratislava North project, the diversification of our existing portfolio will increase, which will bring many benefits to our clients, ”says Zdeněk Lepka, CEO of real estate companies BHS REF.

BHS Real Estate Fund SICAV, a.s. is a fund of qualified investors, established by the securities trader BH Securities a.s. according to Czech law and administered by the investment company AMISTA. Investors have the opportunity to enhance their resources in the Fund through investments in commercial real estate.