Accolade has secured a €30m loan from Erste Corporate Banking of Finanční skupina České spořitelny to finance development of four properties in industrial parks in Ostrov u Stříbra and Týniště nad Orlicí in the Czech Republic. Accolade will use the loan to build a rental industrial warehouse for Linde Pohony, part of KION Group, for Ideal Automotive and Leoni in Panattoni Park Stříbro and also for Assa Abloy in Týniště nad Orlicí. Erste Corporate Banking has worked with Accolade since 2013 on the construction of 60,000 sqm of industrial space. The space covered in this recent agreement is fully leased with agreements of 11 years on average. Panattoni Europe is Accolade’s development partner on the projects.
