Arcapita Bank's European logistics property arm PointPark Properties (P3) has signed a partnership agreement with the local developer Inva Group for the development of a new logistics park in eastern Slovakia. The new facility, called PointPark Kolice, will consist of three buildings offering 63,000 m[sup]2[/sup] of A-quality distribution space on a 120,000-m[sup]2[/sup] site. The first phase of the scheme is expected to be completed in 2011.
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