DS Smith - Sublease of building in Nitra - 10,000 sq m

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Company DS Smith, Plastics Division has subleased a building in industrial zone in Nitra owned by the company Daidong which is one of the major suppliers of Sony.

Company DS Smith has leased production and office space with a total area of almost 10,080 sq m.
“The investment in this new facility will, in its first year, create around 80 new jobs and allow for DS Smith, Plastics Division to consolidate its European operations for the Worldwide Dispensers business into a single strategic location. The new facility will carry out precision injection moulding, automated and manual assembly of dispensers as well as the design and development of dispensing solutions,” says Maros Nagy, Site Director WD Nitra, DS Smith, Plastics Division.

Nitra Invest is the developer of the property and is subleasing the space to DS Smith. Development company Nitra Invest is one of the major landlords and investment companies active in the commercial real estate market in the Nitra region. “We typically take a head-lease on these industrial buildings and consequently sub lease them to other 3rd parties. By doing so we effectively take on overall responsibility for the property, and the freehold owner is thus relieved from the effort of renting and taking care of the tenants. Hence they can remain fully devoted to their core activities and simultaneously enjoy the income from the rent”, says Ondrej Scurka jr., an executive of Nitra Invest.
Cushman & Wakefield, a leading global real estate services firm, was involved in the transaction.

“DS Smith was looking for production and warehouse space in the Nitra area with specific and strict requirements. The production space needed to fulfil not only location requirements but also strict quality and equipment requirements taking into account the production activities of company DS Smith,” says Martin Hudák consultant of Cushman & Wakefield, who was involved in the transaction.

Cushman & Wakefield provided to DS Smith various options of industrial space fulfilling the requirements. Following to consultations with the Cushman & Wakefield team, company DS Smith selected and subleased the building of the production company Daidong in Nitra industrial park as the most suitable alternative for their needs.
“The occupation of the Daidong building by such a well established production company will deliver prospects and investments into the industrial zone,“ Martin Hudák added.

Worldwide Dispenser™ is part of DS Smith, Plastics Division and a world leader in injection moulded dispensing solutions. DS Smith Plastics is a fast growing division of DS Smith Plc. - a €5.5 billion plastics and packaging multinational with operations in more than 20 countries. DS Smith Plastics businesses are focused on five main areas: Flexible packaging and dispensing solutions, rigid packaging, fresh produce packaging, foam products and print solutions.

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