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.

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.

Jet Industrial Lease has bought a 54,000 sqm portfolio of five industrial buildings in Poland from Vestinlog, part of the KKCG group. The value of the transaction has not been disclosed.

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.  

The former Prologis Park Ziar in Žiar nad Hronom, located in Slovakia’s Banská Bystrica region, has been acquired by Tatra Asset Management. CBRE Slovakia and Ružička and Partners s. r. o. represented Prologis in the transaction.

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.

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.

According to the latest report by Savills, the record take-up levels and no speculative completions caused the vacancy rate on the Czech industrial space market to plummet 70 bps to a new low of 1.75%, one of the sharpest quarterly declines observed in the market in the last five years. The total volume of modern industrial space available for lease across the country fell from 226,700 sqm in June to 165,000 sqm in September.

The Polish warehouse market continues to power ahead, reveals the latest report from real estate advisory firm Savills. The development pipeline is historically high and take-up activity is on track for another record year. Leased buildings are being targeted by investors from all over the world. After the first three quarters, the logistics sector accounts for close to half of the total investment volume in Poland.