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.
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.”