News Article Asental Czech Republic industrial investment logistics Ostrava Panattoni Europe
by Property Forum | Industrial

Industrial developer Panattoni is buying a huge brownfield on the site of the former Barbora Mine from the current owner Asental. The company intends to build a modern industrial park of hundreds of thousands of square metres on the site of the former coal mining site. The price of the transaction has not been disclosed, Seznamzprá reports.

The Barbora mine is located on the outskirts of the town of Karviná, which is only 25 kilometres from Ostrava (capital of the Moravian-Silesian Region, northeast of the Czech Republic, ) and is to be transformed into a modern industrial park. The site, where black coal was mined for almost a hundred years, totalling more than 65 million tonnes of coal up to 2002, is now one of the largest brownfields in the Czech Republic. The site was previously owned by Asental, but the company decided to sell it. It has therefore concluded a contract for a future purchase agreement with the industrial developer Panattoni.

Thanks to this agreement, Panattoni can now start applying for the necessary permits for construction and turn the brownfield of hundreds of thousands of square metres into a planned modern industrial park. Panattoni plans to start construction in mid-2025 and in the first phase it will build industrial halls with a floor area of more than 400,000 sqm. The construction is planned to be completed in 2032. The expected total investment is more than €1 billion. 

The deal was brokered by iO Partners, which represented the seller. Both companies decided not to comment on the deal's price.