Here are Accolade Industrial Fund’s Q2 results!
The results reflect the current economic situation, where commercial property prices are falling in most developed markets. However, they also reflect rising rents, which have increased by up to 70% in the last three months. The current annual rental value of the fund's properties is therefore slightly above 92.8 million EUR. In addition, our portfolio continues to grow, with the total area of the parks now exceeding 1.75 million m².
We continue to believe in the strength of industrial real estate and its important role in Europe. If the European economy aims to make its mark in a global context, it needs additional space for production, storage, and sales. This is partly because of security, but also due to the need to lower products’ carbon footprint. The Accolade fund is ideally positioned to benefit from these trends and deliver substantial returns over the long term, as well as contributing to the next stage of the development of a prosperous Europe. Thank you for your trust!
Recommended articles
Another significant milestone for Accolade Industrial Fund: annual rent income from the Fund’s projects exceeds EUR 100 million
Accolade Industrial Fund, which celebrates its ten-year anniversary this year, surpassed another significant milestone in the first quarter by exceeding EUR 100 million in total annual contractual leases, equivalent to approximately CZK 2.5 billion. Some projects in Germany or Poland even saw rent increases of tens of per cent. Moreover, Accolade Industrial Fund posted a return of over 3% in CZK and almost 2% in EUR in the first quarter. The average annual return since inception is 12%.
2024 represents a special landmark for us as we celebrate the 10th anniversary of Accolade Industrial Fund.
This is why we particularly appreciate every encounter with our investors outside of the usual business this year.
Quarterly Update from Accolade Industrial Fund
This quarter, we've seen solid progress and strategic expansion, even as we adapt to the market's dynamics.