Tchibo expands its Czech Republic distribution centre

14
Sep
2016
News - Tchibo expands its Czech Republic distribution centre  #Colliers #Czech Republic #distribution #industrial #Panattoni Europe

by Ákos Budai | Industrial

Tchibo Prague has held the topping out ceremony of the first its distribution centre in Panattoni Park Cheb, which will serve online customers from the CEE region and the southern part of Germany. Currently, the total rentable area has reached 39,000 sqm which will be shortly extended to 73,000 sqm. After completion, the premises will become the second largest logistics hall ever constructed in the territory of the Czech Republic after the distribution centre of Amazon in Dobrovíz. The Tchibo distribution centre shall start its operation by the end of this year. The second phase of the project will be completed in the middle of next year.


During the first month of the opening its distribution centre in Cheb Tchibo will store, sort, arrange, pack and distribute goods solely for the Czech market. It will then extend to the whole CEE region and Southern Germany. 
 
Both phases are managed and constructed by the Development company Panattoni Europe in cooperation with the Czech company Accolade, that will be the owner and long-term landlord of the building. In this over €60 million investment Tchibo was advised by Colliers International. It is considered to be the largest negotiated industrial transaction by the real estate agency in Central Europe.
 
Construction has started in May this year at Panattoni Park Cheb. After the completion of the first phase the premises will become the largest within the Panattoni Park Cheb industrial zone. After the completion of the second phase the rentable area can almost be compared to the size of Karlovo náměstí in Prague, the largest square in the Czech Republic. The distribution centre will incorporate the green friendly solutions, for instance saving LED lighting and heat recovery ventilation system. Over 20 sub-contractors have been involved during the construction process.
 
The local industrial zone consists of about 40 hectares of built up area and employs approximately 2,500 people. 



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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