Accolade Industrial Fund confirms its position as the second-largest real estate fund in the Czech Republic as it reaches two milestones in the third quarter. The value of the fund's portfolio exceeded €1 billion. Furthermore, over 2,000 qualified investors are already investing with the fund. The fund's third-quarter performance was 7.36% in the CZK class and 7.86% in the EUR class. The fund's performance reflects the rising price of industrial real estate during 2021. This investment asset has become very attractive to large institutional players whose attention is causing industrial real estate to seek its price level.

Logicor, the owner of manager of logistics projects, has completed the development of a new warehouse in Mogoșoaia, Bucharest. The project with a leasable area of 38,000 sqm is part of the Logicor Bucharest I logistics park.

MainStage Logistics, a company providing comprehensive services in respect of logistics centre management, has a new facility in the portfolio. Since December, the company has been managing an industrial and warehouse park in Jasionka near Rzeszów.

US-based Mega Company has successfully secured a €20.6 million loan facility for Mega Distribution Center, a 45,000 sqm logistic park located in Bucharest. 

CTP, the largest developer and owner of industrial projects in Romania, will expand its CTPark Bucharest North project by 95,000 sqm.  

Panattoni has secured another major lease for its new project, Panattoni Park Wrocław XIII. LX Pantos, one of the largest logistics operators in Korea and Southeast Asia, will occupy as much as 43,500 sqm in the new park – more than three times as much as it originally planned.

The multimodal complex next to Brno Airport, jointly developed by Brno Airport, belonging to the Accolade Group, and developer Panattoni, is now fully leased. Tenants such as Coca Cola, DHL or Zásilkovna are now joined by major companies s Erba Lachema from the Erba Group, Noviko and Reda.

Panattoni is creating an alternative warehousing location to Łódź in Central Poland with the development of Panattoni Park Koluszki. The park is around 30 km from the administrative capital of the region and will eventually comprise around 40,000 sqm. Already around 60% of the space has been leased. The first tenant is cat and dog food producer PetRepublic, which moved into an area of 12,000 sqm in November this year. In the third quarter of 2022, Panattoni is to hand over around 13,400 sqm to automotive companies.

Warehouse developer LCube has completed the commercialisation of the first stage of Logistic Park Rzeszów, based at Rzeszów Jasionka International Airport. REN Group, Poland’s major food products distributor for the last 25 years, has recently been joined by Cocolita, an online cosmetics and beauty shop. The commercialisation of the facility, whose surface area totals 5.7 thousand square metres, was completed before the official project acceptance of the investment, scheduled for December.

Autodoc, an online retailer for vehicle parts and accessories, has chosen Panattoni Park Cheb South, which is being built jointly by developer Panattoni for investment group Accolade, for its expansion into the Czech market. The 31,500 sqm automated distribution centre expand on a building which was the first project in the Czech Republic to be awarded an ‘Outstanding’ sustainability rating and a record score of 90.68% according to the BREEAM global sustainability certification.