P3 Logistic Parks, a leading European developer, has significantly expanded its presence in Slovakia with a major portfolio acquisition of nearly 100,000 m² of prime logistics space. This strategic move strengthens P3's market dominance and offers unparalleled opportunities for businesses seeking modern warehouse and industrial facilities across key Slovak regions.
The largest mobile construction crane in Central Europe placed the symbolic tree on the roof. The new building, which will be completed and handed over for use in the fall of this year.
The COVID-19 pandemic had a positive effect on Slovak e-shops. As many as six out of ten online stores saw revenue growth during this period. One third by more than 30%. They also expect an increase in turnover during the current pre-Christmas period. However, even prosperous e-shops did not avoid difficulties. In particular, they struggled with suppliers' outages and logistics problems. These findings resulted from the fifth year of the E-shop Barometer survey, conducted by KPMG in Slovakia in cooperation with ui42.
Commercial real estate has been under coronavirus pressure for several months. At the beginning of 2020, a slight cooling of the market and a decline in demand were observed. And with the arrival of March, it was already clear that COVID-19 would also affect the real estate market. After initial uncertainty and a reassessment of which operating model pays off under ever-changing conditions and constraints, the situation is gradually stabilizing. Today we can evaluate which segments of the real estate market came out of the fight the best.
As elsewhere in Europe, online sales in Slovakia increased significantly in the spring. The largest increase, according to Google data, compared to last year by more than 40%, was recorded in the household equipment, garden, and leisure industries, but another range also showed a large increase. "The coronavirus pandemic has shown that the logistics chain and its products are likely to change and adapt to new market conditions. The pandemic has become an accelerator of changes that would probably occur in the near future,“ thinks Marian Vaculčiak, Operations Director of Geis SK.
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