1. October 2025

Accolade Accelerates Growth in Europe with Strategic Industrial Projects in Spain

The industrial real estate market in Spain is undergoing a period of transition largely driven by strong demand and the boom in e-commerce and light industry. However, land shortages and the high level of obsolete stock, with 57% of warehouses not meeting institutional standards, as specified in EY's "The Logistics Property Telescope" report, continue to limit the development of new projects.

Despite these challenges, international investment remains active and, according to CBRE, could grow by up to 15% in 2025. Indeed, for logistics and industry alone, investment volume is expected to reach €1.6 billion this year and maintain steady growth in the coming years, with increasing interest in regions beyond Madrid, Barcelona and Valencia.

Against this backdrop, Accolade, a pan-European investor in modern industrial parks and infrastructure, is reinforcing its long-term commitment to Spain with a carefully designed expansion plan. Since 2020, the company has invested in the development of four industrial parks in the country —Accolade Funds Park Valencia Picassent, Accolade Funds Park Burgos, Accolade Funds Park Seville and Park Vitoria— which together total some 102,000 m² of gross leasable area and are home to tenants such as Bridgestone, Jysk, Rhenus, BoxonTech, Kromberg & Schubert and TXT. Upcoming projects include two new centres in Alzira and Murcia, which will add a further 88,800 m².

At international level, Accolade manages 66 industrial parks across eight countries, covering over 3.5 million m² of gross lettable area and hosting upwards of 200 tenants from strategic sectors. The portfolio under management is valued at over 3.4 billion euros. This activity is supported by a team of more than 170 professionals based in five European offices, positioning the company among the leading players in the European industrial real estate sector, backed by a conservative investment strategy, sustainable projects and long-term contracts with major international brands.

Expansion in Spain

Spain is the first Mediterranean country in which Accolade has established a presence — a strategic gateway from which the company aims to consolidate its expansion into southern Europe. In this market, where it is experiencing rapid growth, the strategy focuses on regions with high industrial development potential, such as Levante, Aragon, Basque country, Andalusia and Castile and León. Notable projects currently under development include:

• Valencia–Alzira Park, with up to 65,000 m² of gross lettable area and the possibility of built-to-suit projects, designed to BREEAM Excellent standards.
• Murcia Park, with more than 23,000 m² planned, strategically located near the A7/RM-15 corridor.

This expansion is led by Eduardo Feliciano, appointed in March 2025 as Business Director for Spain. After holding positions at international consultancies such as Savills and Cushman & Wakefield, Eduardo now spearheads Accolade's growth in the Iberian Peninsula with the goal of strengthening the company's presence in strategic markets and supporting the growth of the industrial sector in the region.

"Accolade's aim is not only to deliver industrial parks but to create high-quality production, logistics and distribution spaces that stand the test of time. In Spain, we have the opportunity to demonstrate that it is possible to combine responsible investment, sustainability and regional economic development within a single model," says Eduardo Feliciano, Business Director of Accolade in Spain.

Commitment to sustainability

As a driving force in the European industrial real estate sector, Accolade promotes a responsible investment model that prioritises the regeneration of disused industrial land (brownfields) and the environmental certification of all its projects under standards such as BREEAM. The company also incorporates efficiency solutions such as smart metering, which allows real-time monitoring of consumption and optimises energy management in buildings. In addition, Accolade is rolling out a photovoltaic (FVE) programme across its parks, installing rooftop solar plants as part of its decarbonisation strategy.

This commitment not only strengthens the competitiveness of its clients but also generates a positive impact on local communities. As of today, Accolade created more than 130 indirect jobs in Spain, almost double the previous year, and across all its parks, this impact currently translates into around 30,000 jobs. This reflects the company's ability to stimulate regional economies in a sustainable manner.