Accolade has completed a new logistic park in Elbląg, the first Class A warehouse in this area. The 20,000 sqm industrial park is fully leased to its two tenants: Flex and DPD.

Accolade received a long-term financing for the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin Załom (West), Szczecin Kniewska, Częstochowa and Kielce. The €129 million refinancing loan was delivered by its new financing partner Helaba. 

Panattoni Park Teplice South in the industrial zone in Hostomice has reported full occupancy. The last vacancies in the Panattoni Park Teplice South complex will be filled by international logistics companies Maersk, Raben and the manufacturing company Exyte. The park was developed by Panattoni with Accolade as the investor.

In the second and third quarters of this year, premium industrial and logistics real estate investor Accolade signed lease agreements for almost 460,000 sqm in the six countries where it operates. A significant part of this was due to parks in the Czech Republic and Spain, its first park in the Netherlands, and also Poland, where the group completed construction of a large project in Szczecin. Accolade came to Poland seven years ago and currently owns 26 of 45 parks in its portfolio, both those completed and under construction, spanning nearly 1.5 million sqm.

Czech real estate funds are attracted to invest abroad, and not only in Poland. ZDR Investments is now heading to Austria to acquire a retail park in Voitsberg, Austria, for the second time. It is now investing €12.3 million. In total, the group has already invested six times in Austria, writes E15.cz.

Park Szczecin in Załom, a multi-phase warehouse complex created on the grounds with a total area of over 46 ha, offering 230,000 sqm of industrial space and fully leased, is the biggest park in Accolade’s Polish portfolio. 

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.