ARTICLES LABELLED WITH TAG Accolade

Panattoni has just completed its logistics centre in Kojetín and handed it over to multinational e-commerce company Amazon for use. It is the first fully-fledged multi-storey distribution centre in the Czech Republic and is currently the most modern logistics hall in the country thanks to its equipment and environmentally friendly approach as well as its high energy self-sufficiency. The value of the building is more than CZK 5 billion (over € 202 million). The project was financed by Accolade.

Accolade Industrial Fund reported a crown appreciation of 4.23% in the second quarter of this year. For the entire first half of 2022, the fund achieved an appreciation of 5.45%. These figures were driven primarily by rental growth in the fund's portfolio of 1.2 million sqm of industrial property.  

The industrial and logistics market has not been directly influenced by the Ukrainian war, but inflation, rising interest rates and changes to our supplier-customer relationships are affecting it indirectly, says Accolade Group CEO Milan Kratina. Nevertheless, he thinks that there are still a lot of aspects which haven’t changed for a long time, such as the shortage of warehouse and manufacturing space or the ongoing trend of nearshoring. And all of this is raising the demand for a more self-sufficient Europe.

Accolade has completed its first photovoltaic power plant in its Bydgoszcz industrial park. This is a significant milestone in the group's long-term strategy toward energy security in its industrial parks in Europe.

The largest logistics hall in the Czech Republic will rise near Cheb (in the westernmost region of the country). Accolade and Panattoni are already intensively preparing its construction in the local industrial zone. According to the Industrial Research Forum (IRF), an association of consultancy firms, this is the largest domestic transaction in Q2 2O22, with the pre-lease of logistics space in the area of about 233,700 sqm. The name of the tenant (an unspecified distribution company) has not yet been disclosed by either party. Lucie Mareš Heřmanovská, a spokeswoman for the Accolade company, informed Property Forum about the project. 

Accolade Group plans to invest over CZK 6 billion in the Karlovy Vary Region. Accolade's portfolio currently includes two industrial parks near Cheb with a total of five buildings and thirteen tenants. Three more buildings are in preparation or under construction in Cheb. So far, the group has financed the development of approximately 250,000 sqm of industrial and logistics space in the area, the value of which exceeds CZK 5 billion.

Despite the turbulent economic situation, banks are readily lending money to the commercial real estate segment, with warehouses being their top choice. The industrial investor Accolade is one of the most willingly financed warehouse portfolio holders in Poland. The company benefits from over €500 million in bank loans, 40% of which has been acquired since February 2020. At the same time, in the Czech Republic, the company has signed a loan agreement with a club of banks for €137.5 million. It is the largest ever loan provided for a single industrial rental property in the CEE region.

Accolade Group has signed a €137.5 million (roughly CZK 3.4 billion) loan agreement. Thanks to this, the company will be able to finance the construction of a large multi-storey distribution centre near Kojetín in the Olomouc Region (located in the northeast of the Czech Republic) for the online store Amazon, writes the daily E15.

Accolade expands in Bydgoszcz, ultimately investing over €200 million in four modern warehouse parks, with a total area of over 240,000 sqm. At the same time, the investor is launching a new, €40 million project in nearby Piła. 

Accolade Industrial Fund had a successful 2021. Its performance exceeded 20 percent last year, an all-time high. The fund's portfolio had grown to include more industrial parks, and the total leased area exceeded one million sqm. Over 2,200 investors have already invested in the fund.