Accolade has received a loan from UniCredit Bank for the construction of two industrial parks. One is to be built in Karlovy Vary and the other in Slovakia, reports newstream.cz.
The company borrowed CZK 480 million (€19.2 million) for the Karlovy Vary area and CZK 400 million (€16 million) for the Bratislava location, Accolade announced. According to the company, both parks should be completed and handed over to tenants in the middle of this year.
The industrial park in Karlovy Vary will be leased by the German company Wacker, which focuses on improving silicone compounds. The 23,000 sqm space will serve as a production plant and will also include laboratories and testing facilities.
The hall in the Bratislava North II industrial area will have 20,000 sqm and will be leased by an unnamed company focused on automotive. It will be located 25 kilometers northwest of Bratislava in the Zohor municipality. This is Accolade's second park in Slovakia.
In 2019, the group began developing an industrial park in Košice, which is currently fully occupied. The tenants there mainly include companies operating in the healthcare sector such as Siemens Healthineers, Dr. Max, and the food supplement manufacturer Greenpharm.
"The Karlovy Vary region has been a strategic area for us in the long term, where we have managed to create attractive conditions for top manufacturing, e-commerce, and logistics companies. Entering the Bratislava market represents an important milestone in our operations in Slovakia," said Tomáš Procházka, CFO at Accolade.
