Record financing for Accolade's warehouse portfolio in Poland

5-year financing and stable LTV level

The concluded agreement guarantees five-year portfolio financing and the maintenance of an LTV ratio below 55 percent. This is a key element of the fund's strategy, which consistently builds long-term value for investors.

The financing consists of two parts:

• 200 million euros intended for the refinancing of the existing portfolio,

• 100 million euros in the form of a new credit line for the implementation of subsequent projects.

In total, it covers 14 locations – 10 already operating and 4 new ones, included in the portfolio due to their maturity and operational stability.

One of the largest transactions in the warehouse market in 2025

This is one of the largest industrial real estate refinancings in Poland in 2025. The transaction confirms the strong position of Accolade Industrial Fund and the attractiveness of the Polish warehouse market for international financial institutions.

Trust of banks and long-term strategy

– This financing is of exceptional importance – both in terms of scale and market timing. It shows Aareal Bank's trust in the way we manage the portfolio and develop our operations in Poland – emphasizes Jakub Leszczyński, Transaction Director Accolade in Poland.

As he adds, the funds obtained allow for securing the stability of the portfolio for the coming years and continuing expansion in key locations.

Poland as a pillar of Accolade's development

The transaction confirms that Poland remains one of the most important markets for Accolade. For over a decade, the fund has been investing in regions with high potential, providing modern, certified warehouse space with high energy efficiency, mostly fully leased.

A strong signal for the logistics market

According to representatives of Aareal Bank, the transaction confirms the attractiveness of Poland as an investment market.

– The logistics market in Poland remains strategically important for us. The country continues to attract investors, tenants, and financial institutions, and this trend – in our assessment – will continue – emphasizes Hubert Manturzyk, General Director of Aareal Bank in Poland.

The refinancing confirms the maturity of the Polish warehouse sector and its resilience to market volatility, strengthening the country's position as one of the key logistics hubs in Europe.