Developers leased 90,000 sqm of industrial and logistics space in Slovakia in Q2, down 26 percent q-o-q. The market, however, has retained healthy split between new deals and lease extensions, according to JLL, with new leases accounting for 54 percent (49,000 sqm) of the total. Of the 16 lease transactions in Q2, the largest were signed by Prologis in Prologis Park Bratislava, with the relocation of logistics company Intuon (22,000 sqm) and renewal of a 27,600 sqm contract by Nay Slovensko. Samuel Šporka, head of the industrial and logistics property department at JLL Slovensko, says the market’s low vacancy rate does not offer enough alternatives for companies looking for news space. However, there is currently 84,000 sqm of warehouses space under construction. Industrial and logistics stock totaled 1.78 million sqm at the end of Q2, with new supply including 60,000 sqm in two parks: Prologis Park Galanta (56,000 sqm) and P3 Žilina (4,300 sqm). Currently, there is 36,500 sqm under construction in western Slovakia, 28,000 sqm in the Bratislava region, 14,000 sqm in central Slovakia and 5,000 sqm in eastern Slovakia. Seven investment deals totaling €154m closed in H1, including the sale of the Auto Logistics park in Lozorno by CPI to WhiteStar Capital. Prologis also sold its park in Nove Mesto nad Váhom to Arete.
