In the second and third quarters of this year, premium industrial and logistics real estate investor Accolade signed lease agreements for almost 460,000 m² 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 m².
Whereas in the same period last year, Accolade signed lease agreements for 150,000 m², over the last six months the group leased another 460,000 m2. “The substantial increase was due to the ongoing geographical expansion of our portfolio, as well as significant demand from tenants,” - said Milan Kratina, Accolade CEO.
The lion’s share of the new rentals was leased in the Czech Republic, mainly in the Karlovy Vary and Ústí nad Labem regions. Poland comes in second as Accolade completed its biggest and historically first Polish project in the port city of Szczecin. The country with the third largest leased area was Spain, namely the cities Burgos and Valencia.