Although the Karlovarský Region is one of the smallest regions in the Czech Republic in terms of its population and area, it has captured more attention recently due to the construction of new industrial parks, where as much as 36,000 m2 of new premises were finished in the first quarter of this year.
The Cheb industrial zone in particular has seen a real boom in terms of industrial areas over the past two years. This location is attractive to leaseholders on account of its affordable workforce and good accessibility to Germany, in particular in the direction of Saská Kamenice (Chemnitz) and Nuremberg. Moreover, the Panattoni Park Cheb is the only industrial park in the city which the prestigious British magazine fDi Intelligence ranks among the Top 10 East European Cities with the best investment support.
Tchibo, BWI and others …
For example, Tchibo became the largest project in Panattoni Park Cheb last year with its 70,000 m2 and is also proud to be the second largest logistics hall in the Czech Republic.
The Chinese manufacturer BWI also found the Cheb industrial zone attractive, which chose this location to manufacture shock absorbers based on a detailed analysis of more than 30 locations throughout the Czech Republic and Poland. “Ultimately, BWI was enticed by the park’s good transport accessibility from Germany, its well-qualified workforce as well as the good cooperation between the developer and the city that has a proactive approach to potential investors” said Jan Hřivnacký, a consultant at CBRE. By the way, the real-estate advisor CBRE represented BWI in its search for a suitable location.
The logistics company DHL has already confirmed that it continues to believe in this region by its plans for a further 30,000 m2 expansion (from the original 13,000 m2), based on a transaction mediated by CBRE, thus complementing three prominent tenants.
“According to our information, there are final negotiations underway with another company that plans to have a warehouse as large as 50,000 m2 built in the CTPark Cheb,” noted Jan Hřivnacký in closing.
With state backing
Government- approved selections of new locations for state-supported industrial zones will certainly help in developing the region at the beginning of the year, including the so-called Cheb II industrial zone with an area of 142 hectares. It should be operational between 2020 and 2022 and the government hopes that by listing the site investors demanding even a hundred-hectare area will be attracted to Cheb. The location already captured the interest of a Chinese glass producer looking for a location to install its one-kilometer-long production line. The developer Panattoni plans to develop another industrial zone in the region in Ostrov, which will enable halls as large as 100,000 m2 to be built.