Emil Frey, a Swiss company group, has leased 12,000 m² of logistics space in the Slovakian logistics park P3 Bratislava. There are now 30,000 spare parts stored for the automotive brands Peugeot, Citroën and DS, destined for distribution throughout the European Union.
The Emil Frey group based in Zurich is one of the leading automotive importers and retailers in Switzerland. It includes a number of automobile import companies and car dealerships. The company is an international automotive service provider, and is also operating as importer of Peugeot, Citroën and DS in Slovakia. As a real estate agent, Modesta Real Estate, based in Vienna, has accompanied the contract negotiations.
P3 started to develoo the logistics park in 2006. For Emil Frey, the seventh of eight planned build-to-suit buildings was completed. In addition to Faurecia and PTG, and Hella Behr Plastic Omnium (HBPO), a logistics joint venture which is operated via Schnellecke, the company is the fourth automotive customer in the park. In addition, the location serves as a logistics hub for filter technology by Donaldson, domestic appliances by Whirlpool and the range of Möbelix, Austria’s largest furniture discount store.
P3 is a specialised owner, developer and asset manager of logistics real estate. In Europe, the portfolio currently comprises 185 high-quality logistics projects with a total of 3.9 million m² in nine countries as well as sites for a further 1.8 million m² of hall space. P3 is a company of Singapore’s Government Investment Corporation (GIC).