The fifth hall in VGP Park Bratislava was completed and handed over to its tenants. The park, aiming to obtain the BREEAM Excellent certificate, will have a total of eleven buildings.
Developer BLUEPRINT is preparing logistics projects for 120 million euros. The development company BLUEPRINT responds to the high demand for logistics premises in the vicinity of Bratislava and is preparing two projects that will help satisfy this demand. Specifically, it concerns the construction of a logistics center in Podunajské Biskupice, Bratislava, and the second project is a logistics hall in Croatian Grob.
The domestic industrial real estate market experienced a real "boom" during the coronavirus pandemic. The record growth of interest in renting new premises, especially from companies linked to e-commerce, triggered extensive speculative construction. However, after two extraordinary years, there was a slowdown in demand last year, which continues this year as well. Although the market situation is stable and positively influenced by the gradual reduction of construction costs in combination with the stabilization of yields, in recent months there has been a slight increase in the vacancy rate and the emergence of two new phenomena on the market. CBRE, a world leader in the field of commercial real estate services, analyses the growing trend of subletting and targeted maintenance of some properties by developers in the so-called shell & core condition.
The developer company Blueprint is preparing two logistics projects for 120 million euros in the Bratislava region. "Specifically, it concerns the construction of a logistics center in Podunajské Biskupice, and the second project is a logistics hall in Croatian Grob," says the developer.
Alto Real Estate is developing the area of the former terminal in the Rača district of Bratislava into a new area consisting of municipal warehouses and Store.to retail and showroom spaces.
This is the second acquisition for the fund. The fund enables the general public to invest in industrial real estate intended for light production and logistics.
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