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    Penta Real Estate and PSN Announce Project to Replace Former Transgas Building in Prague

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    One United Properties Announces the Handover of One Cotroceni Park Phase I

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Home Countries Czech Republic

Panattoni and Accolade Expand Horovice Park for Saint-Gobain

Irina Negoita by Irina Negoita
October 14, 2021
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Panattoni and Accolade Expand Horovice Park for Saint-Gobain
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On October 13, 2021, Panattoni and Accolade announced that they would be expanding the Panattoni Park D5 Horovice industrial zone in the Czech Republic, adding another 7,500 square meters to the existing 10,000 square meters, to accommodate automotive glass manufacturer Saint-Gobain.

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According to the companies, the value of the new building is almost EUR 7.5 million and it will serve primarily as a central distribution point for all Saint-Gobain Sekurit customers, as well as for the refinishing of car glass. At the same time, Saint-Gobain has extended the lease on the current premises for a further five years to accommodate the expansion of its activities.

“When we opened Panattoni Park D5 Horovice five years ago, it was one of the last available spaces with a direct connection to the D5 motorway,” stated Panattoni Managing Director CZ&SK Pavel Sovicka. “Saint-Gobain Sekurit’s expansion confirms that this thoroughfare remains one of the most attractive in Central and Eastern Europe and that it is crucial not only for car transport but also for manufacturing. This is good news for the market, as it brings optimism and stimulus for further development of successive operations. I am delighted about the long-term cooperation with a renowned brand and the fact that we are helping it to grow in this location.”

Tags: Accolade GroupPanattoni
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Irina Negoita

Irina Negoita

Irina is an international business journalist with ten years of experience across several geographies, and writing for renowned publications including IHS, UBM, or S&P Platts, among others. She holds a BA in International Affairs and Communications from Vesalius College in Brussels, and an MSc in Crime Science from UCL in London.

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