Legnica Airport Park / Panattoni Park Legnica

At the beginning of 2020, Accolade has decided to invest in new region in Poland, into new industrial park in Legnica. The project involves the construction of nearly 93,000 m2 of warehouse and production space in four stages. The first was completed during the summer and the estimated value of the whole project is EUR 57.42 million. Due to the new park project in Legnica, built on the revitalized pre-war airship base, the company's brownfield portfolio in Poland will be increased by up to 53%. The modern sustainable complex also aims to be awarded the BREEAM certification at a minimum level "Very Good". The location in the Lower Silesian Voivodship, one of the most industrialized and urbanized regions in Central and Eastern Europe, availability of a qualified workforce, and the proximity to the A4 motorway, Germany, and Czech borders. That makes Legnica a very attractive location for logistics companies, distributors, and manufacturing companies. Recent months have made it clear that it is these sectors that are keeping the European economy going in every situation and the infrastructure needed for the sustainable development of Europe's regions. This development is supported by the Accolade Group with its investments. And Legnica is great case/example. In the regions where the company operates, tries to be the best neighbor, providing people with better infrastructure, creating better-paid jobs than is an average in the region, and increase the attractiveness of the place. All of this is also proved by the first tenants that will make presence in the park. The technological leader in the software solutions for construction markets MiTek and e-commerce wear distributor and manufacturer Spreadshirt. The whole project is designed to bring a lot of economic power to the local micro-market and has the goal to be one of the key pillars for the further development and modernization of the whole business environment around the Legnica city and surrounding cities.
Name of the deal Legnica Airport Park / Panattoni Park Legnica
Information about the transaction project/projects/portfolio At the beginning of 2020, Accolade has decided to invest in new region in Poland, into new industrial park in Legnica. The project involves the construction of nearly 93,000 m2 of warehouse and production space in four stages. The first was completed during the summer and the estimated value of the whole project is EUR 57.42 million. Due to the new park project in Legnica, built on the revitalized pre-war airship base, the company's brownfield portfolio in Poland will be increased by up to 53%. The modern sustainable complex also aims to be awarded the BREEAM certification at a minimum level "Very Good". The location in the Lower Silesian Voivodship, one of the most industrialized and urbanized regions in Central and Eastern Europe, availability of a qualified workforce, and the proximity to the A4 motorway, Germany, and Czech borders. That makes Legnica a very attractive location for logistics companies, distributors, and manufacturing companies. Recent months have made it clear that it is these sectors that are keeping the European economy going in every situation and the infrastructure needed for the sustainable development of Europe's regions. This development is supported by the Accolade Group with its investments. And Legnica is great case/example. In the regions where the company operates, tries to be the best neighbor, providing people with better infrastructure, creating better-paid jobs than is an average in the region, and increase the attractiveness of the place. All of this is also proved by the first tenants that will make presence in the park. The technological leader in the software solutions for construction markets MiTek and e-commerce wear distributor and manufacturer Spreadshirt. The whole project is designed to bring a lot of economic power to the local micro-market and has the goal to be one of the key pillars for the further development and modernization of the whole business environment around the Legnica city and surrounding cities.
The date of closing the deal 30.06.2020
Value of the transaction (in EUR) 57.42 million
Yield x
Seller, plus brief information about the company Legnica Municipality (Gmina Legnica)
Consultancy which advised Seller x
Purchaser, plus brief information about the company Since 2011, Accolade has created a portfolio of commercial real estates with an area almost 1.9 million m2 and worth almost EUR 1.4 billion. Accolade’s priorities are dynamic growth and sustainable development. These are some of the reasons why the Group became the fastest-growing company in the Czech Republic in 2019, according to the prestigious ranking of Financial Times. In 2020 the Group was awarded the BREEAM sustainability certification at the “Outstanding” level for investments into new environmentally-friendly solutions in the sector of industrial real estate. One of the buildings in the redeveloped site of the Cheb engineering plant received a record-high score and became the most environmentally-friendly industrial building in the world. Accolade also focuses on the redevelopment of neglected brownfields with a long industrial tradition. In 2020 their share in our portfolio has grown to 38%. The total area of redeveloped sites is approximately 695,000 m2.
Consultancy which advised Purchaser x
Financing institution x
Current occupancy level 96.32%
Please say why this deal should be considered for the award This project is one of the shining cases of a modern approach to 21st-century industrial construction. The investor chose the revitalization of an old neglected brownfield for his intention and thus gently continued the long-term industrial tradition of the place that he gave a brand new life and meaning. At the same time, with its investment in a modern sustainable park, it brings another phase of modernization of the industrial and overall business environment in the vicinity of key Polish cities which Legnica for sure is. The project, with a total investment of EUR 57.42 million, not only meets all environmental standards, brings new technological utilities but also, like all Accolade projects, gives the location new economic power and brings tenants, who are often the driving force of local economies. Pro-ecological solutions, growing top brand tenants, and better conditions for the local economy. All this is brought about by the Accolade´s project of a modern park in Legnica.
Name of the deal
Legnica Airport Park / Panattoni Park Legnica
Information about the transaction project/projects/portfolio
At the beginning of 2020, Accolade has decided to invest in new region in Poland, into new industrial park in Legnica. The project involves the construction of nearly 93,000 m2 of warehouse and production space in four stages. The first was completed during the summer and the estimated value of the whole project is EUR 57.42 million. Due to the new park project in Legnica, built on the revitalized pre-war airship base, the company's brownfield portfolio in Poland will be increased by up to 53%. The modern sustainable complex also aims to be awarded the BREEAM certification at a minimum level "Very Good". The location in the Lower Silesian Voivodship, one of the most industrialized and urbanized regions in Central and Eastern Europe, availability of a qualified workforce, and the proximity to the A4 motorway, Germany, and Czech borders. That makes Legnica a very attractive location for logistics companies, distributors, and manufacturing companies. Recent months have made it clear that it is these sectors that are keeping the European economy going in every situation and the infrastructure needed for the sustainable development of Europe's regions. This development is supported by the Accolade Group with its investments. And Legnica is great case/example. In the regions where the company operates, tries to be the best neighbor, providing people with better infrastructure, creating better-paid jobs than is an average in the region, and increase the attractiveness of the place. All of this is also proved by the first tenants that will make presence in the park. The technological leader in the software solutions for construction markets MiTek and e-commerce wear distributor and manufacturer Spreadshirt. The whole project is designed to bring a lot of economic power to the local micro-market and has the goal to be one of the key pillars for the further development and modernization of the whole business environment around the Legnica city and surrounding cities.
The date of closing the deal
30.06.2020
Value of the transaction (in EUR)
57.42 million
Yield
x
Seller, plus brief information about the company
Legnica Municipality (Gmina Legnica)
Consultancy which advised Seller
x
Purchaser, plus brief information about the company
Since 2011, Accolade has created a portfolio of commercial real estates with an area almost 1.9 million m2 and worth almost EUR 1.4 billion. Accolade’s priorities are dynamic growth and sustainable development. These are some of the reasons why the Group became the fastest-growing company in the Czech Republic in 2019, according to the prestigious ranking of Financial Times. In 2020 the Group was awarded the BREEAM sustainability certification at the “Outstanding” level for investments into new environmentally-friendly solutions in the sector of industrial real estate. One of the buildings in the redeveloped site of the Cheb engineering plant received a record-high score and became the most environmentally-friendly industrial building in the world. Accolade also focuses on the redevelopment of neglected brownfields with a long industrial tradition. In 2020 their share in our portfolio has grown to 38%. The total area of redeveloped sites is approximately 695,000 m2.
Consultancy which advised Purchaser
x
Financing institution
x
Current occupancy level
96.32%
Please say why this deal should be considered for the award
This project is one of the shining cases of a modern approach to 21st-century industrial construction. The investor chose the revitalization of an old neglected brownfield for his intention and thus gently continued the long-term industrial tradition of the place that he gave a brand new life and meaning. At the same time, with its investment in a modern sustainable park, it brings another phase of modernization of the industrial and overall business environment in the vicinity of key Polish cities which Legnica for sure is. The project, with a total investment of EUR 57.42 million, not only meets all environmental standards, brings new technological utilities but also, like all Accolade projects, gives the location new economic power and brings tenants, who are often the driving force of local economies. Pro-ecological solutions, growing top brand tenants, and better conditions for the local economy. All this is brought about by the Accolade´s project of a modern park in Legnica.