Press Release, 13th September 2016

• Tchibo has introduced in Cheb 1st part of its distribution centre dedicated for the CEE region and South part of Germany.
• Total area will exceed 73 000 sqm after completion of 2nd part of the logistics premises.
• The German company will create up to 350 new jobs in Cheb region. 
• This investment comes in the 25th successful year of Tchibo in the Czech republic 

The company Tchibo Prague has introduced in Panattoni Park Cheb, during the Topping out Ceremony, the 1st part of the distribution centre, which will serve online customers from CEE region and South part of Germany. Currently, the total rentable area has reached 39 000 sqm which will be shortly extended to 73 000 sqm after completion, the premises will become the 2nd largest logistics hall ever constructed in the territory of the Czech Republic after the distribution centre of Amazon in Dobrovíz. One of the world´s biggest coffee roasters worldwide and the leader of the e-commerce fashion retail in the Czech Republic will create up to 350 new jobs in Karlovy Vary region. The Tchibo distribution centre shall start its operation by the end of this year. The 2nd phase of the project will be completed in the middle of next year.

During the first month of the opening its distribution centre in Cheb Tchibo will store, sort, arrange, pack and distribute goods solely for the Czech market. It will then extend to the whole CEE region and South Germany market. 

„Over 13 million packages are dispatched annually, in the countries where Tchibo operates. This places high demand on both the organization and logistics services. Cheb is an important step to cover our growing sales volumes and to get closer to our customers. After the completion of the Topping Out ceremony we will begin to install the technologies, which will allow us to serve thousands of clients on the emerging markets within the CEE region. I am glad that this so called ´milestone´ has come during the celebration of the 25th anniversary of Tchibo company on the Czech Republic market,“ says Managing Director for Tchibo Prague, Richard Hodul. 

Both phases are managed and constructed by the Development company Panattoni Europe in cooperation with the Czech company Accolade, that will be the owner and long-term landlord of the building. In this over 60 million Euro investment Tchibo was consulted by the real estate company Colliers. It is considered to be the largest negotiated industrial transaction by the real estate agency in Central Europe.

„The industrial development is changing in the Czech Republic. While automotive production plants has dominated in the past five years, logistics premises for 
e-commerce clients are dominating the real estate market and are growing rapidly nowadays. The Tchibo investment in the territory of the Czech Republic is significant for our company, as it will not only become the second largest logistics premises on the Czech market but most importantly it will create hundreds of new jobs. We are honoured to be part of such an prestigious investment,“ said Pavel Sovička, Managing Director for Panattoni Europe in the Czech Republic and Slovakia.

"Tchibo is one of the largest retail chains, so we are pleased that for its expansion the company picked our park in Cheb. Profile of this company also fits perfectly among our existing tenants, where we now have a fairly significant representation of automotive and mechanical engineering, Tchibo thus contribute to increasing the diversity of the portfolio of tenants Accolade," says Milan Kratina, CEO of Accolade. "Our goal is to contribute to economic growth of the regions and open to wider group of qualified investors, in particular from the Czech Republic, to participate on revenues of leading global companies operating on our market. Securing lease of the building for Tchibo fulfills these criteria completely," said Kratina.

"We were honored to co-operate with Tchibo and Panattoni on the largest lease transaction mediated by an agent in the field of industrial real estate in Central Europe. I believe the conditions secured for Tchibo will play a key role in the development of its business in the Czech Republic and throughout the region," says Peter Zaoral, Director of the Industrial Department of Colliers International.

"The investment of German company Tchibo we perceive as a very prestigious, popular online retailer of consumer products for the general public was in our industrial zone still missing. At the same time I am very pleased that after the rapid arrival of several major foreign investors the Cheb is starting to be a synonym for competitive industry and economic development," says the mayor of Cheb Petr Navratil.

The construction for the company Tchibo has started in May this year at Panattoni Park Cheb. After the completion of the first phase the premises will become the largest within the Panattoni Park Cheb industrial zone. After the completion of the second phase the rentable area can almost be compared to the size of Karlovo náměstí in Prague, the largest square in the Czech Republic. The distribution centre will incorporate the green friendly solutions, for instance, saving LED lighting and heat recovery ventilation system. Over 20 sub-contractors have been involved during the construction process.

Tchibo, is the German retail chain, which at the beginning offered to its customers only coffee and coffee specialties. Nowadays, it sells to its consumers great variety of goods, which changes weekly and is thematically very diverse, ranging from household and kitchen through fashion, sports, electronics, toys, jewellery to garden. Tchibo products cover more than 75% of all consumer goods offered on the market. Last year, the company became a leader in the Czech online fashion retail. The e-commerce represents about 30% of its total sales. The new distribution centre in Cheb will certainly contribute to increase of the online sales, as it will focus on B2C online business.

The local industrial zone consists of about 40 hectares of built up area and employs approximately 2,500 people. Thanks to the quick new investor´s arrival last year Panattoni Park Cheb is becoming the fastest growing industrial park in the Czech Republic.