LODZ, POLAND-Kofola, the Czech producer of non-alcoholic drinks, acquires about 15 acres near here in the town of Kutno where it will be constructing a 172,000-sf factory, according to the brokerage firm in the transaction, Colliers International. A local source tells GlobeSt.com that the drinks producer is investing a total of $25 million in the project and will employ over 100 people in the Polish subsidiary.The Kofola factory is the first Czech investment in Poland. The building is planned to be delivered in the first quarter of 2005. EC Harris has been appointed as the Project Manager. Colliers International’s Warsaw-based industrial department assisted Kofola in the land acquisition and negotiations with the officials of Lodz Special Economic Zone. Colliers has been active in Poland since 1997. Renata Osiecka, head of Industrial at Colliers International, says Kofola will receive a package of investment incentives including income tax exemptions and improved ground facilities.There are 14 Special Economic Zones in Poland. Apart from Kofola, several other international firms have made investments in Lodz, including: Amcor, Barry Callebaut, Bosch-Siemens, Coca-Cola, Gillette, HD Lee Company, Intercellulosa, Leo Gros and Merloni. In another Lodz transaction brokered by Colliers-Warsaw, a Polish subsidiary of Sonoco, a Hartsville, SC-based packaging company, has set up shop in the western portion of the city near its major client, Gillette. Sonoco Poland Packaging Services leased a 34,000-sf production facility that will package Gillette items for worldwide distribution. A local source tells GlobeSt.com Sonoco will pay an annualized lease rate of about $28,000.Maciej Chmielewski, an industrial associate at Colliers, says there is not much modern warehousing and production space available in Lodz or its surroundings. The closest new product is 40 kilometers away, she says. Ultimately, however, Sonoco settled on a class B facility that had the right location and could meet minimum requirements for the company’s building standards.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.