Panattoni Europe as Property Manager of ALP

Panattoni Europe, the leading industrial space developer in Europe, has informed about signing the agreement on the management of real estate property with Pramerica Real Estate Investors ("Pramerica") for Airport Logistic Park near Prague International Airport. 

Panattoni Europe has become the property manager of over 56,000 sq m at Airport Logistic Park near Prague International Airport. In cooperation with Pramerica Real Estate Investors ("Pramerica"), which is the real estate investment management business of Prudential Financial, Inc. of the United States, Panattoni will be also responsible for the commercialization and asset management of the logistics centre. Currently Airport Logistic Park consists of three warehouse buildings, and it is 70% leased. 

Panattoni is also proud to announce the first deal carried out on behalf of Pramerica. Logistics company VAMAR INTERNATIONAL leased more than 8,500 sq m of warehouse /office space. This transaction has been mediated by DTZ. Martin Šumera., senior industrial agent at DTZ said: "We appreciate a proactive and professional approach from Panattoni in respect of dealing with technical and commercial requests from Vamar International." 

Lucie Denisová, executive director of VAMAR INTERNATIONAL said: "After several years of consideration of leaving old and inconvenient premises into new and modern, we decided upon ALP as this project offers the best value. We are convinced that this decision will significantly improve our level of services to our clients." 

Pavel Sovička, Managing Director of Panattoni Europe commented: " As the owner and developer of the neighbouring Panattoni Park Prague-Airport project we will be the asset manager of over 100,000 sq m of industrial space in the biggest warehouse market in the Czech Republic. The Airport Logistic Park, with its high specification, proximity to Prague international airport and fast access to all major road connections around the city, offers an optimal solution to a wide variety of companies including logistics operators, transport companies, distributors, retailers and manufacturers." 

Airport Logistic Park is located west of Prague city centre, connected to the D7 highway, close to the village of Kněževes. The Prague ring road provides a fast highway link from the airport area to logistics routes serving destinations throughout the Czech Republic and Central Europe. 

The entire complex comprises 3 warehouse facilities surrounded by service road and main administrative building. Each building provides the capacity of 18,000 sq m of industrial space, which can be divided by fire walls to 4 separate warehouse units of the area 4,500 sq m. Each warehouse section has two built in storey administration units containing office premises, toilets, changing rooms/lockers and facilities for battery charging and waste disposal. The distribution center is equipped with loading ramps with gates and provides great daylight and heating standards. 

Panattoni Europe's portfolio in the Czech Republic consists of two developments, Panattoni D5 Logistics Park (60,000 sq m) in the Stříbro region and Panattoni Park Prague-Airport, together totaling over 110 000 sq m of existing industrial space. While the D5 project is fully occupied, Panattoni Park Prague Airport offers over 100,000 sq m of potential development.