CZECH REPUBLIC Chinese 3PL firm expands across Czechia

CZECH REPUBLIC Chinese 3PL firm expands across Czechia

POLAND Office leases on the rise in Wrocław

POLAND Office leases on the rise in Wrocław

Accolade K Flex

05/08/2021 Comments (0) Views: 799 Central Europe, Deals, Home, Industrial

Accolade reinforced in Central Poland with EUR 26 million investment in the modern industrial complex for K-Flex

Accolade Group, in cooperation with JV partner, invested almost EUR 26 million in the A-class warehouse facility in Wielenin-Kolonia in Central Poland. The entire facility is occupied by K-Flex, a worldwide leader in the production of elastomeric insulation, with a lease term of 17 years.

K-Flex’s presence in Wielenin dates to 2010 and the facility is the company’s largest and most modern production facility in Europe. K-Flex is an Italian manufacturing company, currently with a presence in 64 countries, operating 14 production facilities, employing more than 3000 employees. The company has a strong commercial network and branches located all over the world, allowing to supply their products to customers from various market sectors, such as construction, transportation, oil and gas and renewable energy.

K-Flex is a blue-chip tenant with a strong financial background and fantastic potential to develop even more over the next years. Since 2010, the company’s global sales and profits grew rapidly year-to-year for 10 consecutive years. Apart from this, the insulation products market is expected to grow by almost 40% in a 5-year perspective. These are just a few of the reasons why we are happy to welcome K-Flex in our portfolio. We hope to cooperate closely with the company and build a strong and fruitful business relationship

Michał Białas, Country Head of Accolade Poland

“Intensive development and long-term investment plans require cooperation with reliable and responsible partners. We are glad to have another company with a global reach and many years of experience join our business partners. We are convinced that long-term cooperation will bring mutual benefits and will support us in the further development of our business” comments Bartłomiej Gröbner, Managing Director at K-FLEX Polska Sp. z o.o.

The size of the K-Flex BTS property that is the subject to the transaction exceeds 34,500 sq m and it consists of three connected buildings. The facility is located in the village Wielenin situated in the Łódzkie voivodeship. The nearest city is Łódź, with a population of almost 730,000 people. Central Poland, including Łódź with its surrounding area, is the third largest warehouse market in Poland according to JLL Industrial market overview. It has been one of the most popular locations among tenants in 2020 and this market has the best future growth prospects. The main drivers behind this development are, except for its location in the heart of Poland, very good road connections at the intersection of the A1, A2 and S8 motorways, as well as the advantages that a competitive labour market has to offer.

Over the last few years, and in particular during the last several months of the pandemic, we have observed a growing interest of institutional investors in modern BTS warehouse facilities with a long-term leasing profile (10-20 years) in the Polish real estate investment market. They are interested in facilities that are let to strong industrial and logistics tenants – usually market leaders in their industries. Of course, additional key points here are the attractive location and convenient access to the motorway and expressway network. The K-Flex BTS transaction fits perfectly into this trend. As the JLL Capital Markets team, we are proud to be part of this transaction and advise the Seller – Crescendo Real Estate. We are convinced that we will witness more transactions of this type in the second half of 2021 and the beginning of 2022

Andrzej Magiera, Senior Consultant at JLL Capital Markets Poland

Accolade Holding, a.s. provides first-class infrastructure for business in Europe. Our clients mostly include tenants representing global brands in the areas of e-commerce, manufacturing and logistics. In the Czech Republic, Poland, Germany and Slovakia, Accolade owns a network of 39 BREEAM-certified industrial parks that guarantee a sustainable and environmentally friendly approach. For almost ten years, the company has created a portfolio of commercial real estate with an area of ​​2.5 million sq m worth EUR 1.7 billion. It invests not only in the construction of new projects, but also in the revitalization of neglected brownfields. In 2020, the share of such projects in our portfolio reached 38%. The total area of ​​the restored sites is approximately 983,225 sq. m. In 2014, the group established the first-class industrial real estate fund, Accolade Fund Sicav, which allows qualified investors to invest and thus participate in the development of modern industry. In 2017, the group bought the operator of the second busiest airport in the Czech Republic, Brno-Tuřany. Dynamic growth and sustainable development are Accolade’s priorities. Thanks to this, in 2019 the Group became the fastest growing company in the Czech Republic according to the prestigious Financial Times ranking. As recognition for its investments in new environmental solutions in the field of industrial real estate, in 2020 the company was awarded with the BREEAM sustainability certification at the “Outstanding” level. The building in the revitalized area of ​​the machine works in Cheb thus became the most environmentally friendly industrial building in the world, achieving a record score. In the future, Accolade plans to build a polygon for the development and certification of autonomous vehicles, which will serve as a research and development centre, where the largest capacities in the field will operate. The Group has a long-standing history of supporting charitable projects and organizations. In addition to supporting the disabled, it invests in culture, sports, science and education. In the local communities where it operates, it cooperates with municipalities and supports civic amenities and local development. Accolade’s goal is to be a responsible partner, a good neighbour and, overall, to make the regions where the Group operates a better place to live. Accolade also emphasizes the creation of suitable working conditions, the promotion of equal opportunities and motivates and supports employees in their personal development. More at Data as of 31st March 2021

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