European Portfolio gets Project in Croatia

Accolade Group, a leading investor in modern industrial and manufacturing properties across Europe, has announced its expansion into Croatia, marking the seventh European country in its portfolio. This move is part of the group’s strategic goal to grow in regions with high demand and potential for future development.

The group has successfully acquired a building permit for its inaugural project, an industrial building situated north of Zagreb. This project, sprawling over approximately 50,000 m², serves as a stepping stone for further expansion in Southern Europe.

Key Highlights of the Croatian Project:

• Location: The industrial site is located in the Donja Bistra region, near Zagreb, offering easy access to important trade routes and neighboring countries.
• Strategic Importance: Croatia’s recent entry into the Eurozone and Schengen Area, coupled with its skilled workforce and infrastructural advantages, makes it an ideal investment location.
• Future Plans: Accolade is exploring several other locations in Croatia for developing additional industrial zones.

Sustainable and Modern Infrastructure:

• The Zagreb project will feature modern, sustainable buildings aiming for the highest BREEAM sustainability certification.
• Innovations include thermal insulation, utility monitoring, photovoltaic power systems, LED lighting, and environmentally friendly outdoor spaces.

Expansion Beyond Zagreb:

• Accolade is also considering significant locations like the port of Rijeka, Varaždin, Split, and Osijek for future developments.
• A Croatian team has been established, with plans to open a new office in Zagreb shortly.

Milan Kratina, CEO of Accolade, commented, “We are eager to tap into Croatia’s untapped potential and contribute to its growing industrial infrastructure. Our goal is to uncover exciting locations and maximize their potential, just as we have done in other regions.”

This expansion not only signifies Accolade’s growth but also highlights Croatia’s rising importance in the European industrial landscape.

Class A Modern Industrial Park in Poland

At the turn of the new year, Accolade group completed the development of a industrial new park in Elbląg – the second largest city of the Warmian – Masurian Voivodeship, Poland. Elbląg Park is situated just five kilometres from the city centre, and a 35-minute drive from the port of Gdansk. Its proximity to the S7 expressway means it is also well-connected to Warsaw and Krakow.

Elbląg, with a population of 120,000 inhabitants and two universities, struggles with a relatively high unemployment rate. “The creation of our new industrial park brings with it 200 new jobs. Elbląg offers access to a wide range of potential employees, and we are looking forward to filling the gap on the local employment market. – explained Jarek Wnuk, Managing Director of Accolade Poland. “Currently there are no other class A warehouses in the immediate vicinity, and this is not the first time that we have entered a logistically underserved region and thrived. Accolade’s strategy to choose locations that are not obvious choices at first glance is based on our years of experience and ability to identify the potential of smaller cities and grow them together. Elbląg is another example of this successful approach – the park is already fully leased.” added Wnuk.

The Accolade park is the first class A industrial park in Elbląg. This 20,000 m² warehouse, consisting of 2 buildings, is situated on a 7 ha plot and is fully leased to two tenants: Flex (FLEXTRONICS INTERNATIONAL POLAND SP. Z O.O) and DPD.

Flex is an international electronics manufacturing services company that provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes across various industries and end markets. In addition to Lodz, Elbląg is yet another location where Flex has set up dedicated premises for a range of future activities.

DPD, the international parcel delivery network, is already an Accolade tenant in many other locations, such as Białystok, Koszalin, Jelenia Góra, and Bydgoszcz. Entering Elbląg is another step in this successful partnership and demonstrates that Accolade is not only an industrial real estate investor, but also an experienced asset management company which understands their tenants’ needs and grows in step with their business.

As with all the parks in Accolade portfolio, the Elbląg park is BREEAM certified (Very Good) and will soon be equipped with Accolade’s green solutions, such as e-waste containers, AEDs, and little landscaping on the plot surrounding the buildings.

Subscribe

Get notified about New Episodes of our Podcast, New Magazine Issues and stay updated with our Weekly Newsletter.