Friday, 26 June 2026
The Accolade Industrial Fund continued to expand its European logistics real estate portfolio during the first quarter of 2026, with assets under management reaching €2.3 billion and a total leasable area of 2.3 million sqm, according to the fund’s latest factsheet.
As of 31 March 2026, the fund owned interests in 42 industrial parks across six European countries, serving more than 100 tenants and supported by over 3,500 investors. The portfolio includes logistics and industrial properties in the Czech Republic, Poland, Germany, Slovakia, the Netherlands and Spain. The latest portfolio update also highlights a new acquisition and an expansion project within the fund’s existing network.
The portfolio remained highly occupied, reporting an occupancy rate of 95.9%, while the weighted average unexpired lease term (WAULT) stood at 6.4 years, reflecting a relatively long income profile from existing leases. The fund’s loan-to-value ratio was reported at 52.9%.
Retail and e-commerce companies represented the largest tenant group, accounting for 39% of leased space. Logistics operators occupied 25%, followed by engineering and manufacturing businesses at 19%. Automotive companies represented 11%, electronics firms 5%, while services and other industries accounted for the remaining 1% of occupied space.
The fund’s tenant base includes companies operating across e-commerce, logistics, retail, manufacturing and industrial sectors, reflecting the diversified nature of its occupier mix.
According to the performance data, the institutional EUR share class generated a 6.53% return over the twelve months to 31 March 2026, while the comparable CZK share class recorded a 5.70% return during the same period. Over the five-year period ending in the first quarter of 2026, the average annual performance reached 10.27% for the EUR share class and 9.75% for the CZK share class. The factsheet also notes that past performance should not be regarded as an indicator of future returns.
The fund focuses primarily on income-producing Class A industrial and logistics properties across Central and Western Europe. Its investment strategy targets warehouse and manufacturing facilities, with independent property valuations carried out in accordance with the Royal Institution of Chartered Surveyors (RICS) valuation standards.
Commenting on the fund’s strategy, Milan Kratina, CEO of Accolade, said that successful investing requires consistency and patience rather than reacting to short-term market fluctuations. “Diversification, a long-term perspective and trust are the foundations on which we continue to build our investment strategy,” Kratina said, adding that industrial real estate has demonstrated its ability to generate stable returns through multiple economic cycles while benefiting from structural trends such as e-commerce growth, supply chain transformation and nearshoring.
The Accolade Industrial Fund is structured as a Malta-domiciled alternative investment fund and offers investment share classes denominated in CZK, EUR, USD and PLN. According to the fund documentation, subscriptions are available at least twice each year and are subject to a five-year lock-up period for investors.
