Panattoni Europe is planning to redevelop the former Kovošrot area in Prague-Dolní Měcholupy into a high-tech industrial area for its long-term partner and investor, Accolade. Costs are expected to reach CZK 1bn. Panattoni Europe’s head, Pavel Sovička, said the area will also offer parking for 488 cars, a kindergarten, restaurants, sports facilities and medical care. The company is aiming to break ground by 2019. Sovička said Panattoni will target companies such as GE Aviation and Festo to operate in the area.
