Accolade and Panattoni Europe plan to invest CZK 11bn into the development of industrial parks over the next five years. The companies have already partnered on the development of projects worth CZK 1.5bn for tenants like KION Group, Linde, Steelcase, Ideal Automotive and Facea.
The Czech investor and land developer Accolade has created a fund focused on Czech investors. Prokop Svoboda of Svoboda & Williams, who will oversee the marketing of the projects, says that people in the Czech Republic are used to investing in flats, but they usually do not consider built-to-suit industrial properties, which offer better yields and minimum risk. Brent Watkins of Svoboda & Williams adds that the fund will offer a 7- to 9-percent yield. The minimum investment is CZK 2m.
