Saturday, 15 March 2025
Panattoni has significantly expanded its presence in the Czech industrial real estate market, reaching 1.5 million square meters of development land acquired in just 36 months. The latest milestone was achieved with the acquisition of 38 hectares near Leoš Janáček Airport in Mošnov, allowing the company to develop nearly 600,000 square meters of modern industrial space. This expansion is expected to generate over 8,000 new jobs, further strengthening the Czech Republic’s position as an attractive destination for industrial investment.
As Germany faces economic stagnation, rising energy costs, and increasing labor expenses, Czech industry is positioning itself as an alternative destination for companies looking to relocate production. The country’s skilled workforce, lower operational costs, and strategic location make it an attractive option for industrial firms seeking to maintain proximity to Western European markets while reducing expenses.
“The challenging situation for many German companies presents a growth opportunity for the Czech economy,” said Pavel Sovička, Managing Director of Panattoni for the Czech Republic and Slovakia. “With a sufficient supply of prepared industrial zones, the Czech Republic can gain a competitive advantage over neighboring countries in attracting new investments.”
Panattoni has been actively acquiring land nationwide, with major projects including:
• Panattoni Park Ostrava Airport – Developed in cooperation with the City of Ostrava, this industrial park will accommodate manufacturing and logistics companies with international reach, supporting the economic transformation of the Moravian-Silesian Region. The project is expected to create over 2,000 jobs and strengthen the region’s industrial competitiveness.
• Panattoni Park Pilsen West III – Located in Úherce, near the German border, this site offers exceptional transport accessibility, including direct access to the D5 motorway, making it a prime location for high-end manufacturing and logistics companies.
• Kladno-South Industrial Zone – Utilizing Panattoni’s Blue Solutions for a Green Future approach, this project enabled Hanon Systems to reduce its carbon footprint, meet EU taxonomy requirements, and upgrade facilities through a leaseback model.
“The acquisition of Panattoni Park Ostrava Airport was not just another major step in regional development but also a milestone that pushed us past the 1.5 million m² mark in just three years,” said Vladimír Kosek, Panattoni’s Acquisitions Director for the Czech Republic and Slovakia. “We plan to acquire another 500,000 m² for development in 2025, further strengthening our position in the market.”
Panattoni’s rapid expansion has been supported by major capital partners, including Accolade, AEW, RSJ, and Wood & Co. Their investments have facilitated land acquisitions, accelerated project implementation, and created a foundation for long-term economic benefits. The strategic collaboration between Panattoni and its financial backers is playing a key role in integrating the Czech Republic more deeply into European production and logistics networks.
The newly acquired industrial sites are expected to generate thousands of jobs, ranging from technical and manufacturing roles to administrative and management positions. These projects will also stimulate local economies by boosting wages, tax revenues, and municipal growth. Property tax revenues, in particular, will directly benefit local communities, providing financial resources for further infrastructure improvements.
With its aggressive expansion strategy, Panattoni is positioning the Czech Republic as a major hub for industrial development, ready to welcome companies relocating from Western Europe while fostering regional economic growth.
