“Our partnership with Tatra banka is a strategic step towards the long-term sustainable ownership and development of the Košice industrial park. With clearly defined refinancing terms, we now have a single strong financial partner for the entire site, which strengthens the stability of the Fund’s portfolio and allows us to focus on further growth of the location. We see the Košice market as highly promising – thanks to its position, infrastructure and skilled workforce,” said Milan Kratina, co-founder of Accolade Industrial Fund.
Accolade Funds Park Košice Airport is located close to the borders with Hungary, Poland and Ukraine, making it a key logistics and manufacturing hub for Central and Eastern Europe. The location offers direct access to major transport corridors, an international airport adjacent to the park and excellent rail infrastructure. Regular bus services also ensure easy access from Košice city centre. These advantages make the park attractive for companies seeking a base to serve the wider European market efficiently. A further strength of the site is the potential for collaboration with universities in Košice.
“We regard Accolade as a strong and trustworthy partner in the industrial and logistics property sector. Financing the Košice industrial park builds on our long-standing, professional cooperation with the group. As a long-time leader in project finance, we are very happy to have helped our client consolidate the financing of this strategic site. We are confident our well-established cooperation will continue and further strengthen our mutual business,” said Danka Morávková, Head of Real Estate Finance at Tatra banka.
Diversified tenant portfolio
The park’s facilities are occupied long-term by stable tenants that are leaders in their fields. The largest of them is Faurecia, a leading global supplier to the automotive industry. Faurecia leases more than 27,800 sq m in the park, including an entire 21,000 sq m hall that houses production, storage and office space. The Fund added this building to its portfolio in May this year, with financing again provided by Tatra banka.
Other tenants include Siemens Healthineers, a medical technology company that leases 3,500 sq m for the manufacture and assembly of ultrasound devices. This highly specialized operation also incorporates research and development, providing opportunities for skilled professionals and helping to retain talent both in the region and in Slovakia as a whole. In the pharmaceutical and healthcare sector, Dr. Max, the operator of Slovakia’s largest pharmacy chain, occupies over 7,500 sq m in the park. Diversification is further strengthened by GGT, a wholesale distributor leasing more than 5,600 sq m. The tenant mix is completed by seven other brands, including Hellmann Worldwide Logistics and DB Schenker.
