Accolade Industrial Fund expands with new acquisitions and tenant growth in Q4 2024

Accolade Industrial Fund closed 2024 on a strong note, significantly expanding its portfolio across multiple European markets. In the fourth quarter, the fund added two new industrial parks in the Czech Republic and Spain, valued at over EUR 61 million, while also increasing its Polish holdings by 80,000 square meters. The fund welcomed five new tenants across manufacturing, logistics, and e-commerce, resulting in an overall portfolio expansion of more than 141,000 square meters.

Despite this growth, the fund also saw the departure of Bama, a shoe care product supplier, from its Gorzów Wielkopolski Park in Poland following its bankruptcy. Negotiations are already underway for new tenants to occupy the 5,000-square-meter space left vacant, which represents just 0.25% of the fund’s total leasable area. Meanwhile, lease extensions and new contracts across Polish parks exceeded 40,000 square meters in Q4, reinforcing strong demand for industrial spaces.

New Acquisitions: Strengthening Presence in Spain and the Czech Republic

Park Burgos (Spain)

The 43,000-square-meter industrial park in Burgos, northern Spain, strengthens Accolade’s foothold in a key transportation hub. The Japanese tire manufacturer Bridgestone has fully leased the facility, reinforcing its strategic expansion in Europe. With easy access to Madrid, Barcelona, Paris, and Lisbon, Park Burgos is set to become a vital asset in Accolade’s growing Spanish portfolio.

Park Ostrov North (Czech Republic)

Accolade has also invested in Park Ostrov North, a 20,000-square-meter facility in the Karlovy Vary Region, near Germany. This site is a brownfield revitalization project built on the grounds of the former Škodovka plant. The facility has already secured two major tenants:
• Amphenol (Germany) – A global manufacturer of connectors, chip card readers, and cable harnesses.
• Kokiska (Czech Republic) – A family-owned e-commerce retailer specializing in home and garden products.

The park aims to achieve BREEAM Excellent certification, reflecting Accolade’s commitment to sustainability.

Expansion of Existing Parks in Poland

Park Koszalin

Koszalin, a key industrial center in Pomerania, added 46,000 square meters to the fund’s portfolio in Q4. The park now houses six new tenants, including heating equipment producer Kospel and electronics retailer RTV EURO AGD. Additionally, several existing tenants, including Autostore, Inpost, DPD, and logistics provider Röhlig, expanded their footprints.

Park Goleniów

Located within the Szczecin agglomeration, one of Poland’s fastest-growing industrial hubs, Park Goleniów added 32,000 square meters in Q4. The site remains a key logistics hub, with tenants such as DSV and Fiege, two major players in freight transport and supply chain management.

A Promising Outlook for 2025

Accolade’s latest investments underscore its continued expansion strategy in high-demand logistics and manufacturing hubs. With a strong pipeline of lease agreements and a growing footprint in Spain, the Czech Republic, and Poland, the fund remains well-positioned for further growth and value creation in 2025.