Panattoni Europe entered the Czech market in 2005
In the second half of 2008 the developer expanded its structure by nominating Pavel Sovicka for the Managing Director and, thus, accelerating its expansion in the Czech market. Apart from building a new logistic center near Prague, with a space of 160,000 sqm, the company has also extended its D5 Logistics Park, situated in the western part of the Czech Republic, by 107 exit from D5 highway, Prague - Nurnberg. The figures only confirmed that the decision was right. Last year Panattoni built 75,000 sqm in the Czech Republic, out of which over 50 % has already been leased.

Expansion in Panattoni D5 Logistic Park
In September 2008 Panattoni completed II phase of D5 Park, which was extended by another building of 32,500 sqm. At this point in the Plzen region Panattoni owns 60,000 sqm of warehouse and office space, out of which more than a half has already been leased. The park’s tenants include such companies as ASSA ABLOY , Bock Czech Compressors, Burr Oak Tool and Lear Corporation Electrical and Electronics. One of the first building tenant, the global leader in door opening solutions, is planning a further expansion. ASSA ABLOY, currently occupying 7,600 sqm intends to enlarge the space by another 2,700 sqm in order to further expand on their current operation.

New Tenants in Prague
Also Panattoni Park Prague Airport – the latest developer’s investment in the Czech Republic, situated in a close neighborhood of the Prague Ruzyne international airport, attracts new tenants. After a logistics giant, Ceva Logistics, the Czech logistics operator – Cechofracht – decided to move from the buildings occupied in Rudna to the suburbs of Prague. Cechofracht will occupy 8,500 sqm of warehouse space and about 900 sqm of office space, where the company will open its „show room” designed for one of its clients,representing the clothing sector.– We have chosen Panattoni’s offer due to the park’s advantageous location, which our clients prefer. In addition we still stay in the area of Prague-west, where we have already had employments. Some members of our staff will join the company from the old warehouse in Rudná to this new location – said Jaroslav Janovsky, the director of logistic division in Cechofracht. -The decision of Cechofracht was supported also by very favourable terms of the transaction and in addition possibility to accomodate the facility in a short time frame - added Martin Sumera of DTZ, in charge of leasing industrial space, who mediated the transaction on the landlord side. The park is only 20 kilometers away from the center of Prague and has an excellent communication with the city center via public means of transportation. Panattoni distribution center will consist of 8 buildings of total space 160,000 sqm. At the moment 27,700 sqm is under construction. In December 2008 the first building of 15,000 sqm will be released to users.