In the first half of this year, Panattoni Europe’s Czech office concluded contracts with investors for the construction of 500,000 sqm
Panattoni Europe, an industrial zone developer, signed contracts with various investors in the first half of this year to build 500,000 sqm of modern industrial space in several Czech regions. The company confirmed its position as the most active industrial developer in the Czech Republic, putting emphasis on revitalizing brownfields, sustainable development and minimizing the use of arable land, which is in line with its capital partners’ requirements.
“The Panattoni business model is absolutely unique, because it also enables Czech and Slovak investors to increase the value of their investments under the wing of a world-class industrial developer. In contrast to our competitors, we create the prerequisites to ensure that real estate remains in the hands of local people. Our product offers investment benefits backed by long-term contractual relationships with strong tenants of global parameters,” says Karel Klečka, Panattoni Europe’s Capital Markets Director for the Czech Republic and Slovakia.
Panattoni Europe is celebrating 10 years in the Czech market this year and, looking back, it can boast a remarkable contribution to the Czech Republic’s economy. In total, it has built more than 1,000,000 sqm of industrial space in the Czech Republic, supporting investments in real estate totalling CZK 20 billion. Additional investments have been made by the real estate users into their own technologies, which increases the total volume of investments to about CZK 50 billion. In recent years, Panattoni Europe has also maintained its position as the most active industrial developer in the country.
“On this occasion, I would particularly like to point out the extraordinary investment potential of industrial property. While interest on savings accounts currently barely exceeds zero, our investors’ money generally appreciate by ten or more per cent. The fact is that funds saved within savings for pension and life insurance are often invested into and appreciate in real estate, because this is the sector used for investing by significant financial institutions,” says Pavel Sovička, Panattoni Europe’s Managing Director for the Czech Republic and Slovakia.
As regards tenants of industrial and logistics parks, Panattoni Europe has been cooperating with more than 50 renowned companies. Thanks to this cooperation, more than 10,000 new jobs have been created in different regions, and thousands of other jobs have been generated by “follow-up operations”.
“Thanks to cooperation with manufacturing companies such as KION Group, BWI Group, Yanfeng, Assa Abloy and others, many attractive engineering disciplines have been developed in the Czech Republic, up to the level of research and development requiring highly qualified disciplines. I find this a great message and I am very pleased that we are part of this process,” adds Pavel Sovička.