Press release - Warsaw, 31.03.2022

Accolade with almost 40% of total modern warehouse space in Bydgoszcz

31 marca 2022

Accolade expands in Bydgoszcz, ultimately investing over 200 mln EUR in four modern warehouse parks, with the total area of over 240,000 sq m. At the same time the investor is launching a new, 40 mln EUR project in nearby Piła. As a result, Accolade becomes the regional market leader, owning almost 40% of the total modern warehouse space in the proximity of Bydgoszcz.

Accolade's investment activities in Bydgoszcz started in 2016 and have placed it at the forefront of the most important investors in the region. The first two parks have a total area of 87, 000 sq m and are fully leased by the leading companies in the logistics and e-commerce industry. The third complex is under expansion, with current, fully leased area amounting to 34,000 sq m. This park will ultimately reach 44,000 sq m. The newest project, located in Lisi Ogon near Bydgoszcz, will consist of three buildings with total surface of 110,000 sq m. The first tenants will move in in Q2 2022.

- Bydgoszcz is a good example of how Accolade chooses its locations. It is a city with over 300,000 inhabitants, a developed infrastructure, and an industrial tradition. It is a large industry, trade and logistics centre and has a developed communication hub. Additionally, being an academic and scientific centre, it offers an access to the qualified workforce, and this is what really counts for us. Thanks to our investments, we have created jobs in the region for over 1320 people, and this number will increase with the development of the parks. – says Michał Białas, Country Head of Accolade in Poland.

- A good business environment and an improving accessibility of the city infrastructure-wise, make Bydgoszcz an attractive industrial real estate market, also in terms of capital investments. Additionally, it encourages investors of warehouse and logistics space to implement new projects. Our location is still gaining in value and is appreciated by international players - says Edyta Wiwatowska, Board President of Bydgoszcz Regional Development Agency.

The remarkable success of the Bydgoszcz industrial complexes has paved the way for another expansion in northern Poland - bringing a 40 mln EUR investment into Piła. The project will consist of two buildings with a total space of 44,000 sq m, most of which had been leased out before the beginning of construction. - The city is a developing centre of outsourcing services and shared service centres, with over 8,500 small, medium, and large business entities. We are glad that by creating a multi-let industrial park in the city, we contribute to the transformation of the region, and provide the modern infrastructure, thus shaping the future of the regional business. - adds Michał Białas. The tenants are the top companies from logistic sector. The park provides an excellent connection to the city center, that is only 5km away.

The parks in Bydgoszcz are one of the “greenest” in Accolade’s Polish portfolio. One of them was built on a browfield in the post-industrial area of a former chemical plant, another has beehives installed in the garden. Accolade also uses an innovative „double recycling“ approach – the parks were equipped with small architectural elements made of a unique recycled textile composite and with e-waste containers, enabling the tenants to easily return used electrical equipment and batteries. Moreover, the parks offer bio-diversed greenery, LED lighting, and sun loungers for the employees – all in the spirit of Accolade’s goal to be a good neigbour and a responsible, longterm investor.

Media contacts:

Anna Groß, Mariel & Haan Communications, +49 15207157198, anna.gross@marielhaan.com

Patrycja Rabińska, Mariel & Haan Communications, +48 504006016, patrycja.rabinska@marielhaan.com

Accolade Holding, a.s. operates in six European countries, where it invests in modern and sustainable infrastructure for global brands’ business mainly in the fields of e-commerce, manufacturing, and logistics. It owns a network of 47 BREEAM-certified industrial parks in the Czech Republic, Poland, Germany, Spain, the Netherlands, and Slovakia, guaranteeing a sustainable and environmentally friendly approach. The Group has recently completed commercial properties covering a total area of 2 million sqm, which are being leased to 142 tenants worldwide. In addition, projects of more than 5 million sqm are in the pipeline. Accolade is also investing in brownfield redevelopment. Brownfields currently account for more than one-third of the portfolio. The building on the revitalized site of the Cheb Engineering Works was the first project in the Czech Republic to be awarded an "Outstanding" sustainability rating and a record score of 90.68% in accordance with the BREEAM global sustainability certification. In 2014, the Group established the Accolade Fund Sicav, an industrial real estate fund opened for investments by qualified investors, of whom it currently has over 2,000. The Accolade Fund's portfolio value has exceeded €1 billion, it has also been named the best performing real estate fund in the Top Real Estate Funds raking several times in a row. In 2017, the Group bought the operator of the second busiest airport in the Czech Republic, Brno-Tuřany, it is also preparing a polygon near Stříbro as a research centre for the development and certification of autonomous driving vehicles. More at www.accolade.eu. Data correct as of 31.12.2021