PINNACLE Corporate News

Pinnacle Has a New Chief Financial Officer

29.4.2009

James Riddell (59) has over 30 years of experience in the finance sector. His most recent role was UK Finance Director at Hines, the world’s largest privately owned real estate group. In the past James was also the CFO at Hammerson which is one of the companies listed on the FTSE 100 stock index.

James Riddell comes from Scotland and studied law at the Glasgow University and is also a Chartered Accountant.

James is married with two children and enjoys playing golf and watching rugby.

New CEO at Pinnacle

17.4.2009

Ian Worboys brings considerable experience from the warehouse sector in Europe, and will use this experience to lead Pinnacle as it pursues its strategy of developing and managing a high quality, pan-European portfolio of distribution facilities. Ian Worboys previously led Panattoni’s business in Western Europe and has also spent a considerable part of his career at Gazeley, where he led their European development effort.

“I am very pleased to be joining the experienced and dynamic team at Pinnacle and am excited about the opportunities ahead of the company. In a short period of time, the Pinnacle team has built an excellent platform of solid assets and I am looking forward to working with them to develop the portfolio further across Europe. In addition, Pinnacle’s relationship with Arcapita brings further valuable experience in the logistics sector, as well as the financial strength to support the growth of the business,” says Ian Worboys.

Pinnacle Implements New Asset Naming Strategy of Pointparks

16.4.2009

The new naming convention supports the company’s strategy to develop a prominent pan-European network of high quality, warehouse facilities through growth and acquisition. “This simplification into one single brand name across the portfolio of assets will help us to capture the benefit of higher brand awareness as we build out the portfolio across Europe” said Ian Worboys, Pinnacle’s CEO“As we extend our network of assets, our goal is to ensure that wherever our customers experience one of the PointPark sites, they will be assured of the same high-quality of storage facilities, as well as dedication to the highest standards of customer service.”

Pinnacle currently operates several of its assets under the name PointPark, and the transition will simply bring the remaining assets under the same naming convention. New signage to reflect the name change will be implemented at the sites in due course.

Pinnacle’s current portfolio of assets by country will be named as follows:

Czech Republic :
- PointPark Prague D1 (previously known as SouthPoint)
- PointPark Prague D8 (previously known as NorthPoint)
Poland :
- PointPark Poznan
- PointPark Mszczonow
Slovakia
- PointPark Bratislava (previously known as WestPoint)

Peter Bečár Appointed Managing Director for Slovakia

27.11.2008

Peter holds a degree in Strategic Management from the Comenius University in Bratislava and has extensive experience in the real estate and IT sectors. Prior to joining Pinnacle CEE, he served as a Managing Director and founder of WebCom Ltd., Comsultia Ltd. During his time in the real estate industry, Peter coordinated purchasing of extensive land holdings as well as concluded contracts for leasing transactions and development projects. He contributed to opening of the Slovak office, comprising a team of 8 professionals. Peter’s particular skills focus on leasing, marketing and business development.

Tomáš Novotný is the New Managing Director of Pinnacle CEE in the Czech Republic

3.11.2008

Tomáš was previously Pinnacle’s Development Project Manager. His responsibilities will include the further development of distribution parks, new Pinnacle acquisitions in the Czech Republic and the strengthening of the company’s position on the industrial real estate market. Tomáš studied at the Czech Technical University in Prague and completed a number of international internships. Prior to working for Pinnacle, he worked for the British engineering company, Peter Brett Associates. In his spare time, Tomáš enjoys sports such as skiing, golf and windsurfing.

Pinnacle Real Estate acquires one of CEE’s largest logistics parks

21.10.2008

Martin Carr, founder and Chief Executive of Pinnacle, commented: “We are pleased at the successful completion of this acquisition, which is a very strong addition to our growing portfolio of high quality logistics warehouses in the CEE region. Its combination of development opportunity coupled with existing lease agreements is an appealing proposition. The acquisition further strengthens our footprint in this fast growing zone, and allows us to offer our tenants even greater flexibility as they plan their CEE distribution networks in the region.”

Lidia Goettig, Managing Director Europa Distribution Center Sp. z.o.o., commented: “The scale that Pinnacle brings to this transaction will be a significant advantage as we continue to develop this asset, and we are excited to begin the process of integrating Europa Park into Pinnacle’s wider European platform”.

In a credit constrained environment, Pinnacle’s track record and long term strategic plan have allowed Pinnacle to overcome the considerable hurdles created by the drying up of liquidity in the debt market, and financing for the transaction has been provided by the Polish bank, Bank Pekao SA.

The sellers of Europa Park have been advised throughout by Woodsford Consulting in London, as well as by Jones Lang LaSalle’s Warsaw-based team.

Pinnacle was acquired by Arcapita Bank B.S.C.(c)

20.5.2008

The transaction includes an existing portfolio of leased warehouses of approximately 230,000 square meters, as well as a land bank of nearly 1.5 million square meters for future development. The majority shareholder prior to the acquisition was Merrill Lynch through its Global Principal Investments group (GPI).

Muhannad Abulhasan, head of Arcapita’s European real estate business, commented as follows: “With its growing footprint in Central and Eastern Europe, we are very pleased to have added Pinnacle to our European real estate portfolio. Pinnacle has quickly built up an attractive mix of yielding and developmental assets to become a dominant developer in what we believe are high growth markets with excellent further appetite for modern and well situated warehousing and distribution facilities. Pinnacle also fits well with our existing portfolio of West European logistics warehouses, and takes our total European investment into this sector to over €1.4 billion, representing a total of approximately 2 million square meters of developed and developable warehouse space.

Martin Carr, a founder and Chief Executive of Pinnacle, commented: “We are very pleased to be in partnership with Arcapita as we develop this business. With their track record in the sector, and our shared belief in the opportunity for further growth, they are a valuable long term shareholder that will be fully involved in supporting our plans for growth.” About Arcapita Headquartered in Bahrain with offices in Atlanta, London and Singapore, Arcapita’s four principal lines of business are corporate investment, real estate investment, asset-based investment and venture capital. To date, the Bank has completed 66 transactions with a total value of almost $23 billion and has an equity capital base of $1.1 billion. Arcapita’s mission is to provide innovative and distinctive investment opportunities that generate superior risk-adjusted returns while adhering to Islamic principles.

Full details of Arcapita can be found at www.arcapita.com

Pinnacle Slovakia opened in September 2007

13.9.2007

Bratislava Office: Pinnacle Slovakia opened in September 2007, making it the fourth country office for the Pinnacle group. Headed by Peter Becar, Pinnacle Slovakia is the wholly owned subsidiary of Pinnacle Partners, a 50:50 joint venture between Merrill Lynch and Pinnacle’s founding management.

In line with the Pinnacle vision of creating local presence within the framework of a pan Central & Eastern European logistics development, investment and asset management franchise, Pinnacle Slovakia is a fully empowered operation charged with the goal of acquiring and developing multiple sites across the Slovak logistics market space. Peter is joined by a team of 3, and the current focus is to continue the development of the successful Westpoint logistics park located 23 Km to the west of Bratislava.

Polish Acquisitions

22.8.2007

Polish Acquisitions: Pinnacle Polska has secured its first acquisition of 40 Ha of land zoned for 200,000 sqm of future logistics development, located in the Gmina of Gadki, approximately 12 Km’s south of the CBD of Poznan the 3rd largest city in Poland.

Situated within site of the A2 highway, the main trade route connecting Berlin to Warsaw and Moscow and is superbly located on the highway that connects Poznan to the Silesian region. The project shall have a full launch announced imminently.

Pinnacle Polska opened in August 2007

18.8.2007

Poland Office: Pinnacle Polska opened in August 2007, making it the third country office for the Pinnacle group. Headed by Craig Maguire, a market leader in the Polish logistics marketing and leasing business, Pinnacle Polska is the wholly owned subsidiary of Pinnacle Partners, a 50:50 joint venture between Merrill Lynch and Pinnacle’s founding management.

In line with the Pinnacle vision of creating local presence within the framework of a pan Central & Eastern European logistics development, investment and asset management franchise, Pinnacle Polska is a fully empowered operation charged with the goal of acquiring and developing multiple sites across the booming Polish logistics market space. Craig, who ran DTZ Polska’s logistics leasing business for 5 years, making it a market leader in that time, is joined by Agniezska, who led the Parkridge logistics leasing business in recent times as well as Piotr as CFO, previously at ING Real Estate Investment Management. Pinnacle Polska has a staff of 5 presently

Bulgarian Expansion

1.8.2007

Bulgarian Expansion: Pinnacle has agreed terms with a prominent Bulgarian partner for the pursuit of a Bulgarian logistics development platform. The partnership shall initially encompass two major sites located in the Sofia region, currently under acquisition and permitting. Further details to be announced.

Pinnacle secure largest pre-let of 2009 in Bratislava with Mobelix letting

25.5.2009

Pinnacle have recently started construction on a new 28,000 sq m warehouse and office space which Möbelix will be renting. This new storage area will serve Möbelix’s Central European customers primarily in Austria, the Czech Republic, Slovakia and Hungary. In spite of the economic crisis on the market, this is the largest built-to-suit transaction of 2009 up till now. Construction is scheduled to be completed for September 2009. Opening of the cross border centralized warehouse at PointPark Bratislava entails the creation of nearly 40 new jobs in the Lozorno area. The total investment will be approximately 15 million EUR.

Peter Bečár, Country Manager of Pinnacle in Slovakia, stated: "This project represents a significant continuation in the construction of the PointPark Bratislava, the total planned investment of which is worth 100 million EUR. This transaction indicates that even in the present economic conditions it is still possible to realize projects of high importance and serve our customers´ needs. This project not only strengthens Pinnacle ´s position in the market, but also shows that the location of the park and the high standard of services can bring us more clients just like Möbelix.“

Bernhard Mildner, of Mobelix, also commented on their arrival at PointPark Bratislava. “Lozorno was the best choice for our centralized warehouse because of its great location. You could even call Lozorno the epicentre of our target market for the near future.”

Pinnacle started building its first distribution centre on D2 Motorway in Slovakia in 2006. PointPark Bratislava is currently consisting of 2 buildings totalling 54,000 sq m, the tenants of which are Whirlpool, Brightpoint and the automotive supplier HBPO.

Jeronimo Martins Distribution leases space in PointPark Mszczonow

19.5.2009

JMD is the owner of Poland's largest chain of retail stores, a part of the Portuguese Jeronimo Martins Group. As part of JMD’s expansion in Mszczonow, the company has leased 1,500 sqm of space in building DC3 in PointPark Mszczonow, which reinforces their confidence in the Park and its confirms added value that the Park offers to its tenants.

Located 45 kilometers from Warsaw by the dual carriageway road E67, PointPark Mszczonow is one of the largest logistic centers in Central and Eastern Europe. Currently, it includes 96 600 sq m of A-class warehouse space, and there is a potential for the development of a further 213,136 sq m.

PointPark Mszczonow offers modern storage solutions as well as flexible units designed the requirements of demanding and sophisticated logistics operators.

“PointPark Mszczonow is a prime location for companies like Jeronimo Martins Distribution,well placed to support efficient servicing of store networks across Poland. We are glad that JMD has decided to continue the cooperation with Pinnacle by signing this second lease agreement.”–comments Craig Maguire, Country Manager of Pinnacle Poland.

Currently, there are four tenants in PointPark Mszczonow leasing a total of 50,000 sqm of warehouse space.

Fiege Leases Space in PointPark Mszczonów in Poland

29.4.2009

Located 45 kilometers from Warsaw by road E67, PointPark Mszczonów is one of the largest logistic centers in Central and Eastern Europe. It includes 96 600 square meters of A-class warehouse space, with the development potential of another 213,136 square meters.

“PointPark Mszczonów is a prime location for companies like Fiege, which look to offer multi-client services across Poland. We are glad that Fiege has decided to continue the cooperation with Pinnacle by signing the second lease agreement with us” –says Craig Maguire, Country Manager of Pinnacle Poland.

“PointPark Mszczonów will offer superior solutions for Fiege as it will improve and facilitate the management process of their modern supply chain supported by state-of-the-art technology”- says Marcin Turski, Leasing Manager Pinnacle

Fiege is part of an international group delivering logistic services for multinational corporations from sectors such as consumer goods, FMCG, AGD, chemical, automotive and pharmaceutical.

Piotr Kohmann CEO of Fiege Poland commented: “We are keen on tailoring our activities to the needs and preferences of our customers. Having a modern warehouse equipped with up-to-date solutions will help us to guarantee even better customer service as we will be able to meet our customers’ needs more effectively and better optimize their supply chains. We are therefore really glad to continue our cooperation with Pinnacle.”

At this moment there are three tenants in PointPark Mszczonów leasing in total 39,000 sqm of warehouse space.

Pinnacle is the General Partner for the Logistics Business Mixer

16.4.2009

The event presented Pinnacle with the perfect opportunity to announce the renaming of its logistics parks to PointParks and introduce the new design of its stands and park logos, while also helping make the evening more pleasant with a delicious Belgian chocolate fountain. Aside from this, the organizers also put together a program with games, competitions and entertainment to keep the evening exciting. Refreshments, live music and the entertainment program created the ideal atmosphere for establishing business contacts.

The concept for this social evening, which has now taken place for the fifth time in Slovakia, comes from the proven Logistics Business Mixer formula. These have become the traditional meeting place for the top logistics professionals operating on the Slovak market.

Kavka Print is the New Tenant at PointPark Prague D8

16.4.2009

Kavka Print focuses on the printing of brochures, catalogues, magazines and flyers up to 180 x 130 cm in size. One of the criteria for the company renting in the PointPark Prague D8 distribution centre was the ability to install a unique offset printer weighing about 100 tonnes. A specialized foundation was added to the standard floor, which supports 5 tonnes per sqm, which allowed for the printer to be installed in PointPark.

Testing the Oval Track for the “Meeting of World Record Holders”

12.1.2009

Aside from the top Czech track athletes, Cuba’s Dayron Robles, the 100m hurdles Olympic champion, former 100m world champion Kim Collins from Saint Kitts and Nevis, 1000m specialist Pamela Jelimo from Kenya, high jumper Blanka Vlašič and Dawn Harper, the Olympic hurdles champion, will also participate. Organizers say that pole vaulter Jelena Isinbajeva will also compete at the event.

Fiege Leases Space in PointPark Mszczonów

5.1.2009

Located 45 km from Warsaw on road E67, PointPark Mszczonów is one of the largest logistics centres in Central and Eastern Europe. It includes 94,000 sqm of A-class warehouse space, with the potential to build another 200,000 sqm.

“PointPark Mszczonów is a prime location for companies like Fiege, which offer multi-client services across Poland. We are glad that Fiege has decided to work with us,” said Craig Maguire, Country Manager of Pinnacle Poland.

Fiege is part of an international group which delivers logistics services to multinational corporations in sectors including consumer goods, FMCG, AGD, chemical, automotive and pharmaceutical.

Piotr Kohmann, CEO of Fiege Poland, added: “We are happy that we have centralized our operations in PointPark Mszczonów, a top class warehouse space located in a strategic location. Joining the network of logistics parks offered by Pinnacle is in line with our development plans in the region. By leasing the space in PointPark, we will be able to meet our customer’s needs more effectively and better optimize their supply chains.

” Other companies leasing warehouse space in PointPark Mszczonów are Plus Discount (now Jeronimo Martins Dystrybucja) and TCL.

New Navigation and Camera Systems at the SouthPoint Logistics Park

1.1.2009

The navigation system installed at the SouthPoint park exit 15 D1 highway has already been successfully operating at Pinnacle’s second logistics park in Prague, NorthPoint, at exit 1 D8 highway. Visitors and tenants of the park can use the navigation system to help comfortably orient themselves around the 173,000 sqm park. The navigation sign is located at the entrance to the park, and is visible from the D1 highway exit. Every tenant of the park as well as a schematic plan of the whole area are outlined on the main navigation sign. The pair of identical orientation systems at both SouthPoint and NorthPoint contribute to the unification of the corporate identities of the parks, which is one of Pinnacle’s goals.

The comfort and safety of the tenants of Pinnacle parks is provided by 24 hour surveillance, which was improved by the installation of a new camera system at SouthPoint. This system uses similar software to the Czech police. When a vehicle enters the park, the licence plate is automatically registered, then the gates are opened and the plate number is saved into the system registry.

Whirlpool Opens a New Distribution Hub for Central and Eastern Europe in WestPoint D2 Distribution Park, Slovakia

27.11.2008

Each country used to have its own distribution centre operated by different freight partners for distribution; Sladkovicovo for Slovakia, Brno for the Czech Republic, Budapest for Hungary and the outskirts of Vienna for Austria. The idea to create a centralized hub at a geographically strategic location and to meet the requirements of Whirlpool´s customers also has a number of other advantages, for example the reduction of both the freight area and the stock volume. Optimization of deliveries to partners as well as the distribution from the production plants are also advantages, creating a more effectively planned production.

Whirlpool selected Pinnacle on the basis of a public tender. Pinnacle proposed that the distribution hub for Central Europe be in the Lozorno distribution park on the D2 highway, which connects Prague and Bratislava and is the ideal for distribution to Central and Eastern Europe. The construction of the DC B hall totalling 29,140 sqm started immediately. The construction was completed within 182 days providing Whirlpool with 24,000 sqm of warehouse and additional 500 sqm of office space.

“The customer had specific requirements relating to warehouse space,” said Peter Bečár, Managing Director of Pinnacle Slovakia. The required 10% of daylight was resolved by placing skylights in the ceiling. More than 1,173 prefabricated concrete units were used for the construction, with 228 units being columns. To pave the inner part of the hall, approximately 5,185 m³ of concrete with reinforcements weighing 103.7 tons was used. An additional 3,350 m³ of concrete was used for the internal roads. The levellers, which met the specific Whirlpool requirements, were also a unique solution for the customer. The freight provider, Gebrüder Weiss, selected by Whirlpool in the design preparation phase, also had specific requirements. One of them was the possibility to monitor operations. This was resolved by the construction of a two-floored office situated in the middle of the hall. The transfer of goods from the previous storage facility to the new one in Lozorno was the first important phase performed by the company, which was complicated by the goods being transferred directly from the production plants for further distribution.

“Relocation of goods from the previous storage facilities in the countries to the centralized hub in Lozorno presented an interesting challenge for the company,” says Jürgen Bauer, Area Manager East. The centralized hub will be managed by 20 operational and 5 administrative workers who will handle 50 delivery trucks daily for Slovakia, the Czech Republic, Austria and Hungary by using the high-tech handling devices and barcode technology.

“Whirlpool believes that approximately 1.5 million products will be received, distributed and processed by the centralized hub annually,” says Director General Ján Spůra. The appliances will be imported from nine European production plants, as well as from China and external suppliers. “Planning of production and deliveries to the customers will be facilitated by the hub,” adds Ján Spůra. As far as orders are concerned, companies directly contact Whirlpool’s head office in Italy, not the individual production plants. The customers’ orders are then inserted into the system and are transferred to the storage hall which issues the goods. Finally, the order is given to the freight partner which completes the transfer within 24 hours.

Pinnacle Poland Grows

19.11.2008

The team managed by CEO Craig Maguire is expanding into the Polish warehouse market, with both PointPark Poznan and PointPark Mszczonow.

The first is a modern logistics centre located in Gądki near Poznan. This is a rapidly growing logistics location close to the no.11 dual carriageway, which connects to the A2 highway providing access east to Warsaw and west to Berlin. The project will provide 8 units all built to ‘Class A’ institutional standards totaling 176,000 sqm. At this stage, two buildings are under construction: DCA, extending to 21,600 sqm, and DCB, extending to 18,000 sqm. Requirements can be accommodated from 5,000 sqm. One of the advantages of PointPark Poznań is the ability to cross-flow, which improves the efficiency and management of the processes within the warehouse, and allows the space to be adapted to the tenants’ needs and preferences. Such a solution is appreciated by the customers and also creates value added services.

The second project, PointPark Mszczonow is located 45 km west of Warsaw. The Park is one of the largest in CEE providing both rail and non rail facilities built to institutional ‘Class A’ standards. Existing users in the area include : Fiege, TCL, Maersk, JMD and FM logistics. Currently there is 10,000sqm available for lease.

PointPark Poznan together with PointPark Mszczonow are part of a strategic network of PointParks across CEE.

Komplex Obal Praha s.r.o.: New Tenant in NorthPoint Park

3.11.2008

The key factors in the decision were the strategic location of the Park on Exit 1 of the D8 highway and the additional services including a cafeteria and medical services. The DC02 hall is now 100% rented and the entire park is 87% occupied.

Komplex Obal Praha s.r.o. provides services to a variety of well known clients including multinational corporations, consumer organizations, restaurants, factories and bakeries.

New Tenant Moves into DCA at SouthPoint

1.9.2008

Trivero has a close relationship with its main partner – ITAB - a Swedish group which develops, manufactures and sells complete shop fittings, checkouts and entrance systems. After agreeing on the proposed terms, Trivero leased the space within 2 weeks. Timing was a crucial issue for Trivero, and Pinnacle was able to deliver the “A” class storage space as well as the required fitted racking system solutions in a short span of time.

PINNACLE launched construction of new distribution centre at WestPoint

5.8.2008

After successful completion of DC C, PINNACLE launched construction of another distribution centre of approximately 30,000 sqm of gross lettable area. Upon completion the new premises can be used as a single level storage and production space with mezzanine level office and sanitary rooms. New DC will provide its tenants with 50 passenger parking spaces, plus additional 50 slots for trucks. The dimensions of DCB are 100 m of external width and 290 m of external length with the clear height of 10 m. The structural system of the hall includes prefabricated concrete frame on reinforced concrete floor slab, which guarantees distributed loading capacity of 5t per square meter. The design and implementation strictly follows all applicable European standards, norms and regulations. Perimeter walls and roof cladding are insulated with mineral wool rated for minimum 60 minutes of fire resistance. Roof skylights shall be performed on approximately 10% of the roof area above the storage space to provide requested natural light in the goods handling areas, and the combined light installations shall be performed the in racking areas; both of which exceeds statutory requirements. The interior climate control is guaranteed by natural ventilation for office space with air handling units in sanitary rooms. Fire prevention system shall include heat and smoke detectors connected to the central control panel, ceiling mounted ESFR fire sprinkler system in storage space, and water hydrants and manual fire extinguishers in office space,. The ESFR sprinklers follow the US insurance standards introduced by FM Global. The construction progress and site security are being monitored by web connected CCTV camera. The erection of nearly 100 columns out of the total 300 pieces can be observed at this moment. DCB construction will be completed and operations will commence in November 2008. Negotiations with potential tenants of DC B are under way. The construction contract was granted to Zipp Bratislava (Strabag). Construction design has been provided by Astra Zlin. To date PINNACLE has constructed and leased more than 250,000 sqm of warehouse and office space in PointParks in the Czech and Slovak republics.

First columns for PointPark Poznan have been erected

4.8.2008

The project in total will provide 8 units all Built to Class A Institutional Standards. PointPark Poznan will be the part of a strategic network of PointParks across CEE extending Pinnacle’s existing operations in Czech and Slovak.

Pointpark Poznan is located on the south of Poznan, within the rapidly growing logistics location of Gadki. The property is close to the no.11 dual carriageway which links to the A2 highway. The highway provides access west to Warsaw and east to Berlin. Public transport connections serve the area of Gadki to provide easy access for the employees of our tenants.

WHIRLPOOL signs up for WestPoint in Lozorno, Slovakia

9.7.2008

In advance of the opening of this new warehouse, WHIRLPOOL and PINNACLE also signed a short term lease for 5,000 sqm within the existing facility to provide an immediate solution to WHIRLPOOL’S needs until the new premises are available. Upon its completion, the new warehouse will provide WHIRLPOOL with sufficient accommodation for the delivery, storage, handling and distribution of 700,000 items, composed of various electrical appliances. Construction will be completed in October 2008 and operations will commence in November 2008. Opening of the cross border distribution hub at WestPoint entails the creation of nearly 50 new jobs in the Lozorno area. “Given its location and easy connection to Prague, Bratislava, Vienna and Budapest, WestPoint is quickly becoming recognised as an ideal solution for regional and cross border supply chain and logistics projects within CEE“, says Peter Becar, the business director of PINNACLE SLOVAKIA. “WestPoint was selected for three principle reasons: opening of the Sitina highway tunnel in Bratislava in June 2008, which simplifies the transportation from the Czech Republic into Hungary or Austria; opening of the A6 highway connecting Bratislava and Vienna in November 2007; and entry of the Slovak Republic to the Schengen union in December 2007“, points out Jan Spura, the country manager of WHIRLPOOL SLOVAKIA, spol. s r.o.

Automotive supplier joins existing tenants at DCC of WestPoint

8.7.2008

On March 27, 2008 HBPO signed the future lease agreement for warehouse, production and office space in DC C. HBPO GmbH specializes in the conceptual development, design and integration, assembly and logistics operation for complex front-end modules for VW, Audi, Porsche, Škoda and other brands.

TIMBEUM SK picks DCC of WestPoint

7.7.2008

Commenting on the expansion, Timbeum´s representative, Mrs. Stavikova, said: “Relocation of the operation to WestPoint in Lozorno sets up good access to the customer in Slovak and Czech republics, and eventually Hungary. The proximity to Bratislava promises the potential for Timbeum´s SK a.s. business development.“

Pinnacle’s largest warehouse space welcomes its first tenant

3.7.2008

In June, 2008 JVC CZECH signed a lease agreement for warehouse and office space for approximately 6,600 sqm at DCC at SouthPoint. JVC searched for a new CE distribution and service centre to relocate its operations for the Czech, Slovak and Polish markets. SouthPoint was selected as the ideal solution for its excellent connection to the Eastern European region and its excellent visibility on D1 highway.

Mr. Vladimír Benák, JVC Czech´s CEO, commented: „Negotiations with Pinnacle were very short and effective. We were allowed to install racking systems to the warehouse space immediately after signing of the Future Lease Agreement. The Pinnacle team delivered new office space within just 6 weeks in accordance with our needs. We started operations in the new premises earlier than we had expected.“

Pinnacle has successfully completed another two buildings totalling 67,000 sqm of prime logistics space

1.7.2008

Both buildings were built on the speculative basis with flexible office content located with the consideration for future various unit size split needs. Part of each building was built to suit project with high percentage of the office space. Construction of both buildings was carried out by Strabag, an international construction company.

There were almost 223.000 sqm of “A” class office and warehouse space completed in the Pinnacle Czech portfolio in Q1 2008. Expansions of both parks are about to continue as further buildings are permitted already.

AUTOCORA has moved into the last available unit at SouthPoint´s DCA

1.7.2008

Autocora, an automotive parts supplier and distributor, operates from its newly established headquarters at SouthPoint D1 Distribution Park. Autocora´s Czech operations are managed through eights subsidiaries in seven locations throughout the Czech Republic.

Mr. Tomáš Zavoral, Autocora´s CEO, commented: „Our company is providing services throughout the entire Czech Republic so the location of our distribution centre is crucial to us. SouthPoint fully meets our requirements. Pinnacle offered us flexibility and class „A“ warehouse space without any delay.“

HrubyMOVING has moved its headquarters into recently completed DC05 at the NorthPoint D8 Distribution center

23.6.2008

In June, 2008 HrubyMOVING s.r.o. signed a lease for approximately 3,200 sqm of warehouse and office space.The company was looking for an ideal relocation and expansion space within the greater Prague area. Pinnacle was more than able to meet Hruby´s expectations by delivering brand new warehouse and office space with more than 20 reserved parking spaces for the company´s headquarters and above standard capacity for truck parking.

Zdenek Kocian, director of truck transportation, commented: „NorthPoint was selected for several reasons – HrubyMOVING is a logistics and relocation company and therefore location is the most important to us. NorthPoint is directly accessible from the D8 motorway connecting Prague and Germany, situated right at the first exit, only a half kilometer away from the Prague city border. This is an excellent mix. Of course we searched for a premium logistics space for acceptable price. Pinnacle was able to provide us with a combination of both. In addition to that, the existing canteen and health care centre are welcoming benefits to NorthPoint´s tenants so the right decision was not difficult to make.”

NorthPoint delivers 15,000 sqm of new logistics space.

18.4.2008

More than 15,000 sqm of premiere quality warehouse and office space is available to tenants. By completion of DC05 NorthPoint now totals 92,000 sqm of lettable space.

HARIMATEC CZECH fills up DC03 of NorthPoint.

14.4.2008

Harima which operates in seventeen locations worldwide is a global leader in production of hi-tech materials for electronics and automotive industries. NorthPoint was selected for its ideal location, access to skilled labor force and proximity to Harima’s key customers.

Full details of Harima Chemicals Inc. can be found at: http://www.harima.co.jp/en/index.html

NorthPoint welcomes HM Studio as the new tenant for DC03

27.3.2008

Expansion of SouthPoint project

27.2.2008

Construction works on DC C building started in November 2007. Concrete structure has been completed, external infrastructure, roofing and cladding works are in progress. DC C is planned to be completed in June 2008 and will provide 52,200 m2 of storage space.

"Millesimal" column has been erected in SouthPoint

27.2.2008

Pinnacle has built more than 1000 columns within all its PointParks projects. "M 1000" column has already become part of the DC C building structure, one of the biggest warehouses in the Czech Republic. Planned completion of DC C with 52,200 m2 of built area is June 2008.

Construction of DC 05 at NorthPoint is close to completion

27.2.2008

The building structure, roofing, concrete floor, facade and truck yards have been completed. Mechanical and electrical installations, external paving and landscaping are going to be finished within the next couple of weeks. Project is planned to be completed in the middle of April 2008.

NorthPoint DC 06 - new warehouse building

25.10.2007

DC 06 is the next phase of this expanding project, with DC 05 currently under construction. In response to continuing high level of demand from tenants Pinnacle is planning to commence DC 06 construction in Q3 of 2008, at a planned size of 27,000 m2.

New tenant accommodated in NorthPoint, DC 02 building

5.10.2007

Expansion of Southpoint

21.9.2007

Completed building DC 02 at Northpoint project

15.8.2007

The building was in part a built to suit project for tenants Map Merchant and In Time Spedition incorporating generous loading door capacity and high quality, and high percentage office space. Construction of the next building, being DC 05, commenced in mid October 2007 with planned completion in March 2008. The size of DC 05 is 15,000 sqm.

New NorthPoint canteen

15.8.2007