News Article Accolade industrial investment logistics Poland Szczecin
by Property Forum | Investment

Accolade expands its presence on the Polish market. The company has acquired two new industrial locations in Szczecin, with the intention of investing in the development of modern, Class A warehouses totalling 73,000 sqm GLA. The investment continues Accolade’s strategic expansion in the Szczecin region.

The investment to acquire land in Szczecin at Kniewska Street, strategically located 15 km away from the Szczecin centre, marks another step in the plan to build a modern and sustainable A-class warehouse with an area over 31,000 sqm. Two halls, in one phase, will be built and will allow flexibility for different types of businesses.  Nearly 11,000 sqm has been already leased to the first tenant, which provides logistic services for the e-commerce sector. The second investment concerns the land at Lubczyńska Street, where one industrial building with the target surface of 42,000 sqm is planned to be built. Accolade total investment in these two projects amounts to €60 million.

“We are proud to be able to develop operations in such a strategic region as Szczecin is. We observe the growing business of the tenants in our park located in Załom-Kasztanowe district and we want to be ready to provide them with expansions when they need it. Due to its close connection to Germany and Scandinavia and the location directly on the Polish and German road, rail and air infrastructure link, Szczecin plays an important role as the EU logistics hub. Combination of high-quality modern multi-purpose industrial halls and proximity to major European markets attracts global brands and contributes to the economic growth of the region,” comments Michał Białas, Country Head of Accolade Poland.

Accolade has invested nearly €190 million in the development of modern warehouse facilities in the Szczecin region. Szczecin Park, which is the largest park in Accolade´s portfolio, offering over 220,000 sqm and the new locations in Dąbie district will perfectly fit in the group´s strategy in north-western Poland. The convenient location and perfect infrastructure are the main benefits that make this place attractive for modern industrial companies. Szczecin, with its ca. 410,000 inhabitants, is a big R&D academic centre, providing 25 higher educational institutions for 45,000 students. The seaport of Szczecin-Świnoujście, two hours’ drive away from the city, is one of the largest in the Baltic Sea region and is offering great international freight services. The plots also have easy access to express road S3 Szczecin–Legnica heading to the largest cities in western, central and southern Poland.

“The volume of purchases made online is rising rapidly, and the merchant's success is not determined by an exclusive store on the main street in the capitals as by rather well-managed logistics. The number of such companies is increasing, and we are building a quality background for them as part of our expanding operations in Szczecin,” adds Milan Kratina, CEO of Accolade Group.

Through its investments, Accolade creates new employment opportunities in the region. The park in Szczecin alone offers roughly 4,000 qualified jobs and this number will grow thanks to the new locations. At the same time, new parks will meet the demand of companies that are increasingly looking for quality services and require sustainable buildings, which are above-standard premises. Both parks in Szczecin aspire to BREEAM “Excellent” certification, guaranteeing a sustainable and environmentally friendly approach. Accolade is a key investor in warehouse spaces for modern business in the Szczecin region and, at the same time, a responsible member of the community.