Coffee with Craig Show – daily CRE news covering the CEE region, Monday, October 10, with Winston Norman, Editor and Chief of EuropaProperty.com.
Panattoni hands over logistics centre to Amazon
Panattoni has completed a logistics centre for Amazon in the Czech Republic. The multi-storey distribution centre is heralded as the most modern logistics hall in the country thanks to its equipment and environmentally friendly approach as well as its high energy self-sufficiency. The value of the building is over €202 million. The project was financed by Accolade.
The distribution centre is unique not only in its size but above all in the substantial savings in the built-up area it offers. While the total area of the hall exceeds 187,000 sqm, the floor space occupies less than a third, i.e. only 51,000 sqm.
“The Dobrovíz project was already unique in these areas, but with the distribution centre in Kojetin we have once again moved on several generations,” said Pavel Sovička, Panattoni’s CEO for the Czech Republic and Slovakia.
“When the building is fully operational, we will employ up to 2,000 permanent workers here,” said Michal Šmíd, Amazon’s general manager for the Czech Republic.
Manufacturer Savera Components expands its operations in Ostrava
Colliers has brokered the relocation and expansion of a manufacturing facility for Savera Components, a manufacturer of elevator parts, which has been operating in the Czech Republic since 2019 and employs 80 employees. The company is now relocating its production facility to the new CTPark Ostrava Poruba, where it will occupy 11,430 sqm.
“We already assisted this Spanish manufacturer in finding a suitable location for its first Central European manufacturing facility in 2019,” says Silvie Marešová from Colliers.
“The expansion of the production plant will allow us to increase our capacity as well as cover customers’ additional needs with the help of new production technologies,” says Ramiro Aranda, director of Savera Components.
Prologis hands over new building near Budapest
Prologis has added another 14,000 sqm of warehouse and office buildings to its newest logistics park, Prologis Park Budapest – Sziget II.
In addition to the nearly 30,000 sqm of built-up area, work has already started on the new investment in the park, which has a building capacity of another 110,000 sqm.
This park is located just 17 kilometres south of downtown Budapest next to the M0 motorway. The motorway provides fast and efficient access to the international airport, as well as the M1, M7 and M5 motorways, making the park an ideal strategic location for distribution activities.
EBRD lends €25 million to MK Group in Serbia
EBRD is extending a €25 million loan to MK Group. The loan will finance investment in MK Group’s farming and sugar operations, give the group a boost during the current food security crisis and help it to develop its agribusiness division.
The fresh funds will also help MK Group to strengthen its use of digital skills and expand the digitalisation of agricultural processes. The group will also invest in attracting more female talent through targeted outreach initiatives and a new training programme.
Miljan Ždrale, EBRD, Regional Head of Agribusiness, South East Europe, said: “We are pleased to see how the group has evolved and grown during this time and look forward to continuing to work together on modernising agribusiness in Serbia.”
Andrija Vuković, CFO of MK Group, said: “We are looking forward to realising the new investments and digitalisation projects that will add strong value to our business operations and to Serbian agrifood production.”