New loans for 146 million euros in three markets
Our financial stability was bolstered in 2024 by three significant credit transactions–we secured more than 146 million euros for key projects in Poland, the Czech Republic and Slovakia.
In Poland, Accolade obtained 29.5 million euros from BNP Paribas Bank Polska for the construction of Park Szczecin VI located in the Dunikowo Special Economic Zone.
With an area of over 54,000 square metres, the site is being built to order for a European discount chain and will meet the highest environmental standards. Like all new projects in Accolade’s portfolio, it will seek to obtain BREEAM certification, in this case an Outstanding rating. This park will both support the local economy and satisfy the growing demand for sustainable properties.
In the Czech Republic, Accolade signed credit agreements with Česká spořitelna and Československá obchodní banka for more than 82.1 million euros towards the end of the year for the construction of new buildings in the Ostrov North and Ostrov South industrial parks. The modern spaces with high energy efficiency standards and green solutions will be used by WITTE Automotive and ZF Automotive, both global leaders in the automotive sector.
The last significant transaction of the past year was a loan of 34.85 million euros from UniCredit Bank Czech Republic & Slovakia for two separate projects: Park Karlovy Vary, where a new WACKER production plant will be built on an area of over 23,000 square metres, and Park Bratislava North II, whose existing 20,000 square metres will become a logistics base for Volkswagen Slovakia. Both of these completely new locations for Accolade are delighted to welcome first-class tenants with a big international presence who will create hundreds of new jobs in the regions.
We want to thank our banking partners for their long-term cooperation. Loans of this kind confirm that investments in first-class infrastructure in the form of industrial real estate are of crucial importance in Europe. –Tomáš Procházka, CFO, Accolade