Near the Dutch city of Venlo, the domestic group Accolade will build a logistics park of 43,000 square meters. The investment will exceed one billion crowns.
“The investment in the Netherlands is a logical step in diversifying our portfolio towards Western Europe and builds on the emergence of modern complexes in the nearby German cities of Bochum and Alsdorf,” said Milan Kratina, CEO of Accolade.
The first Czech Accolade site in the Netherlands is within sight of the German border and its industrial and commercial centers in Düsseldorf and Cologne. Venlo also has a reputation as a gateway to the international ports of Rotterdam and Antwerp.
“The Venlo region has been rated the most important logistics region in the Netherlands nine times since 2005. At the same time, half of the ten largest logistics transactions of 2019 worth a total of 400 million euros took place in Venlo and its immediate surroundings, “added the head of Accolade.
The Accolade Group is one of the major players in the Czech industrial and logistics real estate market. It has also expanded its business to, for example, Poland, Germany and Spain. In the Dutch market, he will face the leader of the Czech CTP market. The company announced billion-dollar plans in the Netherlands this spring, along with its listing on the Amsterdam Stock Exchange.
Warehouses and industrial halls are considered by real estate specialists to be very resilient assets in the turbulence caused by the coronavirus crisis. In the Czech Republic, this segment accounted for a fifth of the 290 million euros that investors poured into commercial real estate in the first quarter, according to the consulting company Savills.