Czech Panattoni D5 Logistics Park fully leased

Panattoni Europe, one of the biggest industrial space developers in Poland, has informed about signing lease expansion agreements in Panattoni D5 Logistics Park in the Czech Republic. Early this year, Lear Corporation, Assa Abloy and Leoni (Neumatic CZ) expanded their current warehouse space. 

Lear Corporation, the leading global supplier of automotive seating systems and electrical power management systems has signed a new contract to lease nearly 22 000 m² of industrial space. In this expansion Lear Corp. has been represented by CB Richard Ellis. Already last year industrial team of CB Richard Ellis identified Panattoni D5 Logistics Park as best choice and Lear leased 7 200 m² of manufacturing space. Currently the customer occupies altogether 29 100 m² of warehouse space at Panattoni D5. 

Panattoni D5 Logistic Park is situated in a prominent location on the D5 motorway close to the German border. Two buildings offering 60 000 m² of space, grant extensive opportunities mainly for manufacturing purposes. Filip Kozák, Head of Industrial Agency CBRE says: " After the past couple of difficult months, when activity in the market was fairly minimal, we can observe a gradual increase of re-interest from foreign investors in the Czech Republic." 

Assa Abloy, the premier world manufacturer and supplier of complex solutions for door locking systems has expanded its warehouse area in Panattoni D5 Logistic Park by 4800 m². Václav Šmejkal, Production Manager from Assa Abloy comments: " In context of our production capacity growth, ASSA ABLOY Entrance systems decided to shift part of its production from the Western factories. This is both to increase the amount of currently available products and the implementation of completely new solutions. This change requires expansion in both, warehouse space and office space. During 2011 we should achieve a doubling of the number of employees compared to 2009 in both blue-collar workers and in administrative." 

Also Leoni (Neumatic CZ) a global supplier of wires, optical fibers, cables and cable systems as well as related development services for applications in the automotive business and other industries expanded its current warehouse space by 2400 m². Leoni has been represented by Cushman & Wakefield. Leoni will produce wiring harnesses for industrial applications at the park.

About Lear

Lear Corporation is one of the world's leading suppliers of automotive seating and electrical power management systems.  The Company's world-class products are designed, engineered and manufactured by a diverse team of 75,000 employees at 197 facilities in 35 countries.  Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA].  Further information about Lear is available on the internet at http://www.lear.com

About Leoni 
LEONI is a global supplier of wires, optical fibers, cables and cable systems as well as related development services for applications in the automotive business and other industries. The group of companies, which is listed on the German MDAX, employs around 45,000 people in 34 countries and generated consolidated sales of EUR 2.9 billion in 2008. LEONI develops and makes technically sophisticated products: from single-core auto-motive cables through to complete wiring systems with integrated electronics. Moreover, LEONI's product range comprises wires and strands, fiber optic cables standardized cables as well as special cables and wiring systems for applications in various markets. www.leoni.com