Continuation of industrial tradition in the modern coat. Accolade and Panattoni began the revitalization of the former glassworks in Hostomice near Teplice.

Czech leaders in the revitalization of brownfields, investor Accolade, and developer Panattoni, have begun construction of a new industrial zone in the area of the former Kavalier glassworks in Hostomice near Teplice. Panattoni Park Teplice South will offer facilities for light production, distribution of goods, and up to 300 new jobs. The investment for EUR 20 million has the ambition to build on more than 100 years of industrial tradition in the coat of modern business. The first phase is being built for the sanitary equipment retailer Sanitino.

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"In Hostomice, we can continue with another project of revitalization of an old area and breathe not only new life into it but also meaning. We are on a clear path of investments in the construction of environmentally friendly buildings and the world around us. Thanks to this, today we have one of the greenest portfolios in the world, in which a high share of regeneration of old brownfields with a long industrial tradition. Last but not least, our investments together with our tenants bring new economic strength and opportunities for further development of the Czech regions," comments Milan Kratina, CEO of Accolade Group.

"The transformation of a brownfield into a modern industrial park is, on the one hand, always an unpredictable adventure and, on the other hand, a fascinating experience, mainly for two reasons. First, you have a unique opportunity to get to know the story of the original operation - in this case, the largest domestic manufacturer of cooking glass. And on the one hand, you find yourself in a kind of recycling laboratory in which the circular economy can be moved to new frontiers in practice. In Hostomice, for example, we want to use the old recycling line for building materials when preparing the foundations,” reveals Pavel Sovička, Managing Director of Panattoni Czech Republic & Slovakia.

A complex of buildings with a total area of 31,000 m2 will gradually be built near Hostomice. The semi-automatic hall will have the latest logistics technologies. At the beginning of next year, the remains of the foundation structures of the original complex will be removed and earthworks will begin for the new building. In the first phase, a 5,800 m2 building will be built for sanitary equipment retailer Sanitino. Sanitino will use the premises to operate a central supply warehouse in Central and Western Europe. The remaining space is being repaired and its connection will take place only according to the interest of other clients.

"We chose the location, among other things, because of the excellent transport infrastructure, which was enhanced by the recently completed D8 motorway, which is only 15 minutes away. The central warehouse will help us deliver goods to the markets in Central and Western Europe faster and more efficiently,” added Rudolf Jániš, CEO of Sanitino.                                           

The complex is located at the exit of the road I / 13, which connects the Ústí nad Labem region with the Liberec and Karlovy Vary regions. Since it is created by revitalizing the brownfield, it does not occupy fertile soil and, besides, helps to remove old ecological burdens in the locality. Last but not least, the project has the potential to boost the regional economy in the coming economic crisis and stop the outflow of skilled labor.

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