News Article Accolade Czech Republic financial report industrial logistics report
by Property Forum | Industrial

Accolade published its results for 2020. Last year saw the expansion of the portfolio area by 30%, almost 400 new qualified investors and a year-on-year return of 10,02%. The biggest industrial real estate fund in the Czech Republic now owns a total of 16 industrial parks in the Czech Republic, Poland, and Germany with an area of 936,304 sqm.1,200 investors benefit from the rental income which was increased by 35%, in 2020.

"Last year, modern halls fully confirmed their importance and the infrastructure for modern business has proven to fly the flag for the European economy in every situation, even in the deepest quarantine and recurring lockdowns. E-commerce in Europe grew by more than 27%*, which is significantly reflected in the demand for additional space. At the same time, logistics and, to some people‘s surprise, industrial production experience growth. In 2021, we will certainly welcome other important tenants from all of the three sectors in our portfolio," comments Milan Kratina, Chairman of the Board of Accolade Industrial Fund.

“We believe, that the development will continue in the year 2021 year as well. With the advancing revolution in production and especially with the massive revolution in shopping, the demand for modern and sustainable halls is likely to increase. Industrial real estate is, therefore, a great investment opportunity and I am glad that in November we opened active distribution in Slovakia, where our Fund met great interest from the start," added Kratina.