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The former glassworks near Hostomice revives, as Sanitino has opened a distribution centre for the whole Europe

Industrial zone developer Panattoni has successfully revitalised another brownfield site for investment group Accolade. They have returned industry to a location where it has historically thrived, the former Kavalier glassworks site in Hostomice, in the Teplice region. The first tenant of the new industrial zone named Panattoni Park Teplice South is the Czech sanitary equipment retailer Sanitino. It has started operating a distribution centre, which will gradually serve the whole of Europe. The transformation of a brownfield, with more than a century of glass history, into a modern zone for light manufacturing and distribution of goods, with an investment of more than half a billion, is therefore continuing successfully.

In industrial development, an enormous number of projects are under construction

Rising prices of building materials and energy, rising land prices for new construction, a lack of key components to ensure continuous production or a lack of manpower are plaguing the industrial sector in the Czech Republic. The solution in the area of availability of industrial real estate seems to be the optimization of operation and the increasingly frequent investments of many companies in the automation of routine activities.

Accolade refinanced the Czech and Polish industrial real estate portfolio for more than eur 200 million.

Accolade continues its plan to increase the stability and profitability of its portfolio of modern and environmentally friendly industrial real estate. With ČSOB and Unicredit Bank, it refinanced parks in the Czech Republic worth EUR 150 million (CZK 3.8 billion). The refinancing of the Polish portfolio follows last year's transaction in the amount of EUR 153 million (CZK 4 billion), to which another EUR 54 million (CZK 1.4 billion) has been added this year, again in cooperation with the German Aareal Bank.

Accolade fund has had a successful second quarter of 2021, in which it exceeded 1 million sqm of fully let space

Investments in the Accolade Industrial Fund outperformed the previous periods in the second quarter of 2021 and the value of the fund increased to €863 million (approx. CZK 22 billion). The Fund's performance was positively impacted by increased investment activity in the European industrial real estate market and rising prices within this area. Investment appreciation in the second quarter reached 10.21% in the CZK class and 11.49% in the EUR class.

Accolade further increases its share of the european industrial real estate market

In the first half of 2021, an additional 370,000 sq m was leased, increasing future rental income by 22% to €90 million.

A new tenant is headed to the complex near Brno airport

A multimodal complex near Brno Airport welcomes another tenant. The 12,000 m2 building is now occupied by Marmon Foodservice Technologies, a leading manufacturer of refrigeration equipment for gastronomy with a 70-year tradition. Marmon moves its production from Germany and due to Brexit from Great Britain as well to a strategically located and excellently technologically equipped park. Joins love brands such as Coca-Cola, Zásilkovna, Sinclair, and Okay.

Cheb distribution centre for Real Digital won Best of Reality 2020 Award

After being named the most environmentally friendly industrial building in the world. The revitalized area of the former Cheb machinery was awarded the Best of Realty 2020 in the Industrial and Warehouse buildings category. Mainly thanks to the sustainable construction on the brownfield using modern technologies and recycled materials. The jury also appreciated the unique rainwater management. Many thanks to our lead partners from Panattoni for the perfect project development.

Accolade is preparing a robotic center for online shopping at Kojetín

New qualified jobs, development, and economic growth of the locality. These are the main benefits of the cooperation between the Accolade Group and the builders of the Panattoni industrial zones, who are preparing construction corresponding to the latest world trends in online retail and targeting future tenants from the Czech Republic and abroad. Thus, the extensive revitalization of the preserved area of the former settling tanks of the sugar factory in Kojetín in the Olomouc region continues. The complex will be prepared to meet the needs of any major player in the e-commerce sector. The project, worth more than three billion Czech crowns, could offer a maximum capacity of up to 2,000 jobs and should be completed by the end of 2022.

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