New investments are beginning to fill the empty fields of Chorvátsky Grob. Financiers from J&T pour millions into the area

New investments are beginning to fill the empty fields of Chorvátsky Grob. Financiers from J&T pour millions into the area

Slovakia is slowly expanding with new investments. In addition to automobile production and well-known retail giants, various logistics and office projects are emerging on empty fields along highways. One reason for this is the long-term decrease in the number of available plots, which limits investors’ choices. Despite this, there are still a few vacant areas left, and they have the added advantage of being close to residential zones.

70 MILLION FOR A WAREHOUSE

The plan from the joint-stock company named Invest 31-land Triblavina involves building a logistics hall intended for storing electronic appliances, audio-video equipment, household appliances, office supplies, computers, and other consumer goods. In addition to distribution, light manufacturing, and assembly, the facility will also include administrative spaces along with social, hygienic, technical, and technological amenities.

The project will span ten plots located in the cadastral areas of Chorvátsky Grob and Bernolákovo. The southern side of the land is bordered by the D1 highway. Nearby, there is a well-known fast food outlet, McDonald’s.

VIZUALIZÁCIA: EIA/INVEST 31-land Triblavina, a. s.
Visualisation: EIA/INVEST 31-land Triblavina, a. s.

In addition to distribution, light manufacturing, and assembly, the facility will include administrative spaces along with social, hygienic, technical, and technological amenities.

The hall is oriented east-west, parallel to the D1 highway. The entrance to the area is planned in the northeastern and northwestern corners of the plot. These will connect to the proposed access road, which will continue along Triblavinská Road and the roundabout.

The hall’s complex aims for a BREEAM Very Good rating, which assesses the quality and sustainability of buildings within broader economic, ecological, and social contexts. The investor claims that the design of the hall respects the site’s characteristics, considers the existing terrain’s elevation, and adapts to it by appropriately setting the building’s height.

The investor plans to start construction in the second quarter of next year and complete it a year later.

Due to the fluctuating costs of inputs, the total cost of implementation will be determined in later stages of the construction process. Currently, the investor estimates the cost to be approximately 70 million euros. However, the company will not have issues with financing.

FROM BANKING TO LOGISTICS

The mentioned joint-stock company INVEST 31-land Triblavina is part of the open-end mutual fund 365.invest Capital FKI o.p.f., managed by the investment company 365.invest. The fund invests qualified investors’ money in real estate projects through real estate and project companies, such as Invest 31.

Juraj Bielik is the chairman of the board of this company and also a board member responsible for managing investments in special real estate funds and portfolio management at 365.invest, part of the 365.bank group.

Bielik joined the company in December 2020, previously serving for over five years as a director for debt and structured finance in Central and Eastern Europe at CBRE, a company focused on providing services in the commercial real estate and investment sector.

The plan also mentions an access road connecting the local road to Triblavinská Road in the Čierna Voda area, part of Chorvátsky Grob, and a roundabout connecting to a road that is part of the large residential zone Park City Living by developer Starland.

Local roads in this development connect Javorová Aleja Street with the roundabout on road II/127. The roads are currently in the permitting process and subsequent realization.

A multifunctional project in the cadastral area of Chorvátsky Grob will create a new district with civic amenities, schools, retail spaces, and public areas. Originally, in 2021, the project was submitted for environmental impact assessment by the Czech company Alizé Property. According to the FOAF database, the joint-stock company was established in 2018 under the original name Forespo Reality 13. 

Logistický projekt v budúcnosti doplní aj nová zóna. VIZUALIZÁCIA: parkcity.sk 
In the future, a new zone will be added to the logistic project. VISUALISATION: parkcity.sk 

Juraj Bielik, as the chairman of the board, is involved in several companies that belong to real estate funds managed by 365.invest.

His name also appears in several joint-stock companies associated with well-known projects such as Eurovea City East Tower, River Park, Green Atrium, and Westend Gate.

The undeveloped area covers almost 290,000 square meters and is located in the southwestern part of Chorvátsky Grob, south of the existing village development and north of the industrial area in the Triblavina locality. The company plans to complete the entire construction by 2026.

Translated from the source: hnonline.sk