13
Dec 2016

108 Investment Advisory at the origin of a new industrial zone in western Bohemia

  • Industrial

108 Investment Advisory has successfully advised developer Panattoni Europe with the acquisition of the 330 000 sq m industrial site located in the Ostrov city. The new industrial premise will provide an employment for more than 500 people. Panattoni Europe has already been active in the region before, delivering the logistics premises for Tchibo and BWI in the nearby city of Cheb.

New industrial zone located in the brownfield area of former Škoda Ostrov factory will include one of the largest warehouses in the country, offering 100 000 sq m of space. This amount of space represents more than twice the size of Wenceslas Square in Prague. Spaces of such extent are present only at another Panattoni’s project – Amazon in Prague Dobrovíz. In this transaction, 108 Investment Advisory has advised the developer with the acquisition of the site. Start of the construction activities is scheduled on 2017 with the first clients coming in 2018.

“In this location we want to follow up with the 50 years long industrial tradition represented by the former trolley bus factory,” stated Pavel Čekan, mayor of Ostrov. However, the names of possible future manufacturers, are not publicly presented. “We believe further informations about the clients will be announced in first months of 2017,“ added Pavel Sovička, the CEO for the Czech Republic and Slovakia.

Aside from the hall, the industrial site will also offer 125 000 sq m of industrial area. In case that the developer will not be able to secure an exclusive tenant, there is also an option for splitting the giant hall into multiple smaller units.

Source: E15, Tuesday's edition of 13. 12. 2016

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