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    Ibersol Acquires Former Quality Trend Hotel Zoo in Vienna

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    White Star Real Estate Reports One Million Square Meters of GLA in Poland

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    International Industrial Properties to Develop Two BTS Facilities for Online Marketplace Client

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    WiredScore Announces New Industrial Certification Program in Poland

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    WOOD & Company Enters Into JV with GARBE Industrial Real Estate Poland for GARBE Park Gliwice

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    Meta Estate Trust to Acquire Villas in Radisson Blu Grand Mountain Resort Brasov

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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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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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Recent Posts

  • Ibersol Acquires Former Quality Trend Hotel Zoo in Vienna
  • CPI Europe Sells Vienna Marriott Hotel to Evientro and Landfair European Dislocated Opportunities
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