Panattoni Europe in partnership with NBGI, signed a long-term lease agreement for the construction of a built-to-suit facility, at Pilsen Park West, with one of the largest and most respected suppliers to the automotive industry, French group FAURECIA. In addition, NBGI Private Equity Limited has acquired Pilsen Park West from Kajima Estates Europe Limited.
The investment transaction includes the acquisition of an existing 24,000 sqm logistics facility leased to Trost Auto Service Technik and approximately 20 ha of land for further industrial and logistics development. DTZ managed the sales process on behalf of Kajima. The purchase price was not disclosed.
