Panattoni Park Cheb expands

08
Sep
2017
News - Panattoni Park Cheb expands #Czech Republic #Development #Industrial #Logistics #Panattoni Europe

by Ákos Budai | Industrial

After completion of the second part of the construction in Panattoni Park Cheb, Tchibo has opened an expanded distribution centre for its e-shop. The rentable space increased from 39,000 sqm to 73,000 sqm. This means that in Cheb has grown the second largest logistics hall in the Czech Republic and Tchibo’s largest distribution centre in Central and Eastern Europe. Operations of the first part of the building were commenced on 2 December last year and the site these days just dispatched its millionth parcel.


The investment totalling CZK 1.6 billion is one of the largest in the region and represents a significant impulse for the development of the Karlovy Vary region, which the government has designated a structurally-affected area. One of the most important global coffee producers and the leader in Czech online sales in the clothing category has enabled the creation of 348 new jobs, thanks to its activities in Cheb. Geis company, which handles the operation of the whole distribution centre for Tchibo, has currently placed these employees in a six-day, two-shift system. The distribution centre was built by developer Panattoni Europe.
 
The new distribution centre of Tchibo in Cheb specialises in B2C online business. Inside there is storage, sorting, preparation, packaging and dispatch of goods that customers ordered on the e-shop’s website. Thanks to the expansion in the second stage of construction, the building has a generous capacity of 30,500 pallet points, and it should therefore be able to cope with the most demanding peak times before Christmas.
 
Cheb industrial zone currently occupies approx. 40 hectares and the total number of employees is now approaching 3,000..



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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