New Industrial Park in the Czech Republic
The most significant acquisition of the second quarter was the completely new Accolade Funds Park Cheb East, valued at more than 80 million euros. The park is located in an industrial zone near the village of Okrouhlá in the Karlovy Vary Region and consists of a building with an area of 60,905 square meters, which is fully leased to Goodyear, the world's third-largest tire manufacturer.
The hall is designed according to the strictest standards of sustainable industrial construction and has received the highest rating within the BREEAM New Construction certification at the Outstanding level. It is prepared for photovoltaic installation, heating and air exchange are provided by heat pumps, and gray water from an underground tank is used for flushing. The complex also includes electric vehicle chargers and a relaxation zone with an outdoor gym.
Expansion in Slovakia
The fund recorded significant expansion in Slovakia, where thanks to the May acquisition, another building with an area of 21,639 square meters with tenant Faurecia became part of Accolade Funds Park Košice Airport – the third such building. This French company from the FORVIA group, the seventh-largest automotive technology supplier in the world, was already operating in the park within the fund's existing portfolio. The newly acquired production plant employs over 600 people and specializes in the production of interior systems for luxury cars. You can read more about this significant expansion in the prepared press release.
The Košice park portfolio was further expanded by logistics company No Limit, operating in the Central and Eastern European region. It leased 1,411 square meters for its needs.
Accolade Industrial Fund Portfolio in Numbers
Growth in Poland, Extension in the Czech Republic
The fund also welcomed a new tenant in Poland. It became Exim Pharma, which is engaged in the development, registration, and production of nutritional supplements and food preparations. It occupied 6,943 square meters in Accolade Funds Park Mińsk Mazowiecki.
In the Czech Republic, another phase of growth continued for long-term tenant of Accolade Funds Park Stříbro. KION Group, a world leader in warehouse technology and automation, expanded its operations by another 6,000 square meters. The area of the part of the complex used by its brands Linde Material Handling and STILL now reaches 66,000 square meters. The total area of the KION Group in the park, including the Dematic brand hall and logistics facilities, then exceeded 94,000 square meters.
Leasing with Strong Renewals
During the second quarter, the fund's leasing activity covered almost 42,000 square meters, whether in the form of new contracts, expansions, or renewals. The most extensive lease renewal was 10,074 square meters with Pilkington, a leader in technical glass, in Accolade Funds Park Białystok I. In the same park, regional e-commerce company Glosel also extended its lease agreement for 8,506 square meters. Global logistics provider DB Schenker then renewed its lease for 4,459 square meters in Accolade Funds Park Bydgoszcz II during Q2.
