Czeching out the opportunities next door

Investment & finance
Accolade is a Czech investor with a commercial property portfolio valued at over EUR 800 mln. You have 1.1 mln sqm of properties across the Czech Republic, Poland and Germany. Could you tell us something about how your business started out?
Lukáš Répal, chief operating officer, Accolade Group: Since 2011, we have basically been making space for another industrial revolution. That maybe sounds weird, but our core business since 2011 has been ‘on key’ land development for light production, logistics and e-commerce companies. We simply prepare class A modern halls from A to Z. We started in the Czech Republic, where the permitting process takes between 12 and 24 months – and in certain cases can take even longer. But of course, clients can’t wait that long. So to be competitive and to satisfy the demand we, together with our developer partners, install really good internal infrastructure for preparing the whole process. So now we can basically offer standard halls that can then be easily be adapted to the client’s needs. Our goal is to create logistics and industrial hubs in a variety of locations depending on the demand; and we have many locations prepared that can be deve
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