REICO has acquired the Dubnica II industrial park in Slovakia in a deal worth a reported CZK 241m (€9.5m). The 16,600 sqm asset space consists of a warehouse, technical and office space, all of which is leased. ASB Group advised REICO investiční společnost České spořitelny on the deal. Including financial and tax due diligence. Park Dubnica II was built in 2018 in the region of Western Slovakia, which, together with the Bratislava region has 88% share of all Slovak industrial stock. The largest tenant of the Dubnica Industrial Park II is food chain Lidl and two subcontractors from automotive industry – AAF and LEONI. AAF specializes in manufacturing of air filtration equipment and LEONI is a supplier of energy solutions for the automotive industry.
