The legal team at HAVEL & PARTNERS has provided comprehensive legal advice to leading Central European developer Panattoni and investment group Accolade in connection with the construction and subsequent lease of an industrial facility in Panattoni Park Ostrov North, located in the Karlovy Vary Region. The project was developed in line with the latest sustainability standards.

The legal support also included negotiating lease documentation on behalf of the landlord. The transaction was led by Lukáš Syrový, Partner, assisted by Adam Karban, Managing Associate, and Dominika Hřebačková, Junior Associate .

The tenant of the 57,400 sqm eco-friendly facility is ZF, a global technology company specialising in advanced products and systems for passenger and utility vehicle mobility, as well as industrial technology. Built on one of the largest brownfield sites in the Czech Republic, the facility will be used as a highly automated distribution centre for the aftermarket parts sector.