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CZECH REPUBLIC Glassworks site revitalised for Accolade

Warehouse & industrial
Panattoni has revitalised a former glassworks site for investment group Accolade in Hostomice, south of Teplice in the Ústí nad Labem region.

Panattoni Park Teplice South, on the site of the former Kavalier glassworks, is being built in an investment of CZK 0.5 bln (app. EUR 19.5 mln). It has a target area of 31,644 sqm and will provide employment for 300 people. Its first tenant is Czech sanitary equipment retailer Sanitino.

We have been working on the transformation of old and sometimes long-defunct industrial plants in the Czech Republic into modern industrial facilities for ten years now, and I have to say that it has been a fascinating adventure. In our brownfield portfolio we have engineering plants, a trolleybus production plant, a coal mine and now, thanks to Hostomice, a famous glassworks. All these plants have one thing in common: in their time, they were well-known names and often provided work for hundreds or even thousands of people. Each successful transformation confirms that this path is the right one to take and that, in time, it will lead to the creation of similarly famous operations.
Pavel Sovička, the managing director of Panattoni CZ&SK

After the extensive revitalisation of the site it will be in its best ecological state for 150 years.

Panattoni Park Teplice South is located off the exit of the I/13 road connecting the Ústí nad Labem region with the Liberec and Karlovy Vary regions and is also near the D8 motorway.

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