New Tenant
Great United Trading will occupy space in a new, 4,000 sqm building at Panattoni Park Prague Airport, a state-of-the-art distribution park located approximately 20 km west of downtown Prague. Construction of the first two buildings within the first phase commenced in June of 2008, and it was finished in January of 2009. The company will occupy 4000 sqm of warehouse and 300 sqm of office space in Panattoni Park Prague Airport. The new facility will serve as distribution Center. - We are pleased to offer warehouse space to Great United Trading at Panattoni Park Prague Airport, and value their trust in our best-in-class distribution facilities - said Pavel Sovicka, managing director for the Czech Republic and Slovakia. - The modern industrial space is importance to support the future growth of the company, so it is critical to operate distribution facilities of the highest quality enabling us to fulfill our SCM expectations - said Mr Petr Tylk, Marketing Director of Great United Trading.

A Prague investment
Panattoni Park Prague Airport, a new investment of Panattoni Europe, is developed in the western suburbs of the Czech capital city. The 40-ha area is situated in the close neighborhood of the International airport, Prague Ruzyne, by the exit of an express route R6 (Prague – Karlovy Vary), connected with the trans-European route E48 in Germany. The park lies only 20 km away from the center of Prague and it has excellent connections with the city center by public transport means. Panattoni distribution center will be made of 8 buildings amounting to total space 160,000 sqm. At the moment, there are 27,700 sqm of space to be released for use in the 1st quarter of 2009. The center has already attracted two major tenants: a logistics services giant, Ceva Logistics, and a Czech logistics operator, Cechofracht. They have leased together near 18,000 sqm of space.

Expansion in the Czech Republic
Recently Panattoni Europe has expanded its structure in the Czech market. After Pavel Sovicka took over the management, the company expansion accelerated. Apart from starting its new investment in the Prague area, the company developed D5 Logistics Park, located in the western part of the country, by exit 107 from highway D5, Prague-Nürnberg. The Czech parks are 80 percent leased by completion. Pavel Sovicka predict a new wave of foreign direct investment entering the Czech market from investors seeking the shelter of lower wages. The developer’s clients in Czech Republic include, for example, Burr Oak Tool, Assa Abloy, Bock Compressors, Ceva Logistics.