Accolade Industrial Fund grew its portfolio by 36 percent during 2019 with the addition of eight new buildings. At the same time, the number of qualified investors to take a stake in the fund rose nearly 300 to 900 while the annualized value of the portfolio grew 9.82 percent. Five years after its founding, the fund owns 14 industrial parks in the Czech Republic, Poland and Germany covering a total of 736,000 sqm. Rental earnings grew 38 percent last year to €893m. “As the average lease contract per square meter in our portfolio is more than six years and the buildings are leased to renowned world brands, we’re able to secure our investors an attractive and stable income for a five year horizon,” said Accolade’s board chairman Milan Kratina. “Demand for investments into the infrastructure for modern industry is rising.” Six of Accolades industrial parks are located in the Czech Republic, while another seven are in Poland. The 14th is found in Alsdorf Germany. “Last year we added 16 new tenants,” said Kratina, adding that e-commerce was the most dynamic sector for industrial developers because consumers continue to demand faster delivery times.
