Goodman developing 21,162-m² facility in Kosice (SK)

Goodman Group is developing a 21,162 m² industrial facility in Slovakia for one of the world's largest automotive equipment suppliers. The development, consisting of industrial and office space, is the largest project to be undertaken in Eastern Slovakia in the last 18 months, and will be located adjacent to Kosice airport.

The transaction was negotiated by the Industrial Agency of Colliers International. The development represents a €16-million investment by Goodman and will be delivered in five months.

Zsombor Török, Goodman's Country Manager Czech Republic, Hungary and Slovakia said: "Development is a key component of our business and we have expertise in complex, large-scale projects. Goodman's proven development expertise and strong customer focus will ensure that our customer can continue to concentrate on its core business and be confident that we will deliver a high quality facility for them."

Strong development potential is expected to benefit Kosice. "This location is naturally turning into a zone that is attractive to logistics companies and light industrial manufacturing. A number of third party logistics and light manufacturers have already declared their interest in this location," said Martin Varaèka, Director of Industrial Agency Colliers International.

Colliers International assisted the tenant with the market and site research, negotiations with developers, preparation of contracts and technical documents.

The project has received a positive response from representatives of the Košice city municipality. They cooperated actively in the establishment of public transportation links and increasing the traffic capacity in the area. Construction works are ongoing and delivery is scheduled for August 2011.

"Customers continue to express a preference for locations where there is good infrastructure and where they can consolidate or relocate their businesses into larger or more modern facilities. Kosice is an excellent location for manufacturing plants. It is Slovakia's second largest city and has a large population as well as good road connections that will ensure smooth access and distribution," said Zsombor Török.

Source: Goodman

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