LOGISTICS MARKET IN SLOVAKIA ON THE RISE – SUCCESSFUL SALE OF A 22 HA EXPANSION SITE IN SERED TO JOINT VENTURE MOUNTPARK/USAA
In June, Modesta Real Estate has sold a 22 HA extension site in Sered, Slovakia to Mountpark/USAA. It is adjacent to the 28,5 HA logistics site that Modesta Real Estate has already successfully sold to Mountpark Logistics EU at the beginning of 2016. In a first phase, 125,000 sqm highly modern logistics space will be developed on the existing site, of which 60,000 sqm have already been pre-let. Due to the growing customer demand, another 88,000 sqm logistics space will be developed on the extension site in a second phase. “These ‘big boxes’ are especially aimed at major tenants – requiring + 5,000 sqm of space,” stresses Sebastian Scheufele, SIOR and Managing Partner at Modesta Real Estate.
The logistics market in Slovakia, especially in the region from Bratislava to Nitra, is consistently increasing. “Sered with appropriate activity in its surroundings is a growing logistics hub within Slovakia. As a developer, Mountpark has recognised this advantageous location very quickly and positioned itself timely in the region,” emphasizes Scheufele. Amazon has also identified this potential and secured itself 60,000 sqm of logistics space in Mountpark/USAA Sered to launch its new regional return centre.