Panattoni revitalises brownfield site in the Teplice region

16
Nov
2021
News - Panattoni revitalises brownfield site in the Teplice region #Accolade #Czech Republic #development #industrial #logistics #Panattoni Europe

by Property Forum | Industrial

Panattoni has revitalised another brownfield site for investment group Accolade. They have returned industry to a location where it has historically thrived, the former Kavalier glassworks site in Hostomice, in the Teplice region. The first tenant of the new industrial zone named Panattoni Park Teplice South is the Czech sanitary equipment retailer Sanitino. It has started operating a distribution centre, which will gradually serve the whole of Europe. The transformation of a brownfield, with more than a century of glass history, into a modern zone for light manufacturing and distribution of goods, with an investment of more than half a billion, is therefore continuing successfully.


"I am not afraid to say that today, after thirteen years on the market, we have started another era of our company. From our new central warehouse, we will now supply not only the whole of Central Europe, but also Italy, Belgium, the Netherlands, France, Spain, Romania, and Croatia. Gradually, we plan to expand our distribution to the whole of Europe. We are now able to ship over 40,000 products every month, but we expect to more than double this in the future," commented Rudolf Janis, Managing Director of Sanitino.

The semi-automatic hall boasts the latest logistics technologies and an unusual solution with three mezzanines. That makes it possible to maximise the storage space and make the process of packing and dispatching goods more efficient and faster. As it also includes a picking tower, with conveyors and other demanding storage systems, it was necessary to increase the floor load capacity in this part of the building to 40 tonnes. The foundation piles with an impressive 30 metres length are also a major feature of the warehouse.

“We have been working on the transformation of old and sometimes long-dead industrial plants into modern industrial spaces in the Czech Republic for ten years now, and I have to say that it is a fascinating adventure. In our brownfield portfolio, we have engineering plants, a trolleybus production plant, a coal mine and now, thanks to Hostomice, the famous glassworks. All these plants have one thing in common: in their time, they were a well-known name and often a job for hundreds or even thousands of people. Each successful transformation assures us that this path is the right one and that in time, it will lead to the creation of similarly famous operations," said Pavel Sovička, Managing Director Panattoni CZ&SK.

"This project shows why we place such an emphasis on brownfield revitalisation. The former glassworks site offers suitable conditions for companies in the field of light manufacturing, logistics and e-commerce, which will help stimulate the regional economy in the Ústí nad Labem region. The Park is located at the exit of the I/13 road, connecting the Ústí nad Labem region with the Liberec and Karlovy Vary regions, but also close to the D8 motorway leading to Germany. This gives companies the flexibility to distribute goods throughout Europe. In addition, the renovation of the site has succeeded in removing old environmental burdens," added Milan Kratina, CEO of the Accolade Group.

Panattoni Park Teplice South will bring a total of 300 new jobs to the Teplice region, of which 50 will be in the Sanitina hall alone. Furthermore, the project will also greatly benefit the village of Hostomice and its immediate surroundings as, after an extensive revitalisation, the site will be in its best ecological condition in 150 years.




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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