Accolade Group will invest €8.6 million in the construction of a new industrial park near Zdice, right at exit 28 from the D5 motorway from Prague to Plzeň. The project will offer 12,100 sqm of leasable space and might start operating by 2020 or earlier.

Panattoni Europe will develop its third manufacturing facility for Ideal Automotive. This time, the factory will be built in Świdnica, at the Wałbrzych Special Economic Zone Invest-Park, and will take up approx. 27,400 sqm. Construction works will commence as early as this April, and are scheduled for completion in Q4 of this year. The lease was mediated by the advisory firm Colliers International.

LS Cable, a Korean manufacturing company, has decided to launch its division in Dzierżoniów - in the region of Lower Silesia. The facility will be established within an existing object offering 10,000 sqm. Experts from JLL represented LS Cable in the processes of seeking the appropriate property and negotiating purchase conditions.

China has reclaimed top spot in Cushman & Wakefield’s global ranking of the most attractive markets for manufacturing, confirming its status as the sector’s powerhouse. Last year’s number one ranked country, Malaysia, falls to third place behind Lithuania.

Panattoni Europe will develop a manufacturing facility for Pilkington IGP. The project will take up more than 10,000 sqm at Panattoni Park Białystok. Production will be launched by early September this year, and at the initial stage of operations the plant will employ approx. 200 people.

A 20,000 square meter logistic centre was taken over by SEG Automotive's domestic unit, which specializes in the development and production starter motors and generators. The technologically advanced warehouse – featuring indoor GPS-tracking – is the largest interconnected hall in the region.

CTP has opened a new production plant in South Bohemia, built to suit the needs of Yanfeng Automotive Interiors. The company will produce interiors for passenger cars at the plant which spans a total area of more than 23,000 sqm on two floors.

Central European industrial markets have a bright future ahead of them but regulatory issues and labour shortage can pose a threat to further growth in many countries. The speakers of the first ever Prague Property Summit analysed the potential of the market from a European perspective.

CTP signed several new leases in Hungary in the first quarter of 2017 which means that construction is now underway in four different locations in the Transdanubia region. The real estate developer, present in Hungary since early 2016, now manages an industrial property portfolio of about 300,000 sqm. 

Colliers International has announced the completion of its advisory role in helping Chassix, a global automotive supplier of precision casting and machining solutions, to establish a greenfield plant in the metropolis of the Moravian-Silesian region of the Czech Republic.