News Article Accolade Czech Republic industrial investment
by Property Forum | Industrial

The Industrial parks investor Accolade has issued green bonds in the Czech currency. The planned issue of CZK 1.5 billion (€120 million) has been sold out within a week.

The company then decided to double the volume. Bonds worth CZK 3 billion (€240 million) were sold in two weeks. The minimum investment amount was CZK 10,000 (€400). The bonds with a five-year maturity and an interest rate of 8 per cent per annum are listed on the Regulated Market of the Prague Stock Exchange.

The investor, preparing for the issue of green bonds, developed the so-called Green Finance Framework. These guidelines, in line with the EU Taxonomy, set out the principles that Accolade undertakes to follow in the implementation of its projects. The document was independently reviewed by Sustainalytics.

In eight European countries, Accolade invests in industrial parks that meet the standards of BREEAM New Construction 2016 certification. The company owns Cheb South Industrial Park and Park Szczecin III in Poland, among others. In total, Accolade has six BREEAM certified facilities at the "Outstanding" level in its portfolio.

In 2017, the Group acquired the operator of the second busiest airport in the Czech Republic, Brno-Tuřany, and is also preparing a test track near Stříbro as a research center for the development and certification of autonomous vehicles.