Fund management company Redside has completed the acquisition of an industrial building in Pilsen, Czech Republic, with a total lettable area of 25,000 square meters. The seller is the current occupier of the property, the Japanese cable maker Yazaki. The new owner has joined forces with Panattoni Europe, for further development.
“This property has a very attractive location and it also fits perfectly into our logistics-industrial portfolio, which we established at the end of last year with the acquisition of an industrial park in Trenčín, Slovakia. This year we would like to complete at least two similar transactions and expand the size of the portfolio even further,” Redside’s fund manager Tomáš Berka said.
The Municipal Industrial Park Plzeň Borská pole has an area of 105 hectares and is located in the southwest section of the city, near the University of West Bohemia campus. About 40% of the companies located here are purely Czech; German and Japanese companies are predominant among the international companies. The main investments are into consumer electronics manufacturing, the automotive industry, precise engineering products, air-conditioning systems, forms and plastic prototypes, and strategic services.
