NewsAllen & Overy: Record financing of construction of the most modern robotic centre in the Czech Republic

Allen & Overy has announced that it has advised Accolade in connection with a EUR 137.5 million development and investment loan to finance the construction of an innovative distribution centre for Amazon in Kojetín, the Czech Republic, in CEE this is the largest-ever loan for a single industrial rental property.

The Czech team was led counsel Petra Myšáková, senior associate Lucie Sivá and trainee David Bujgl. Specialist tax advice was provided by senior tax advisors Michal Dušek and Radek Novotný.

This is the first fully multi-storey logistics building in the Czech Republic with state-of-the-art technological equipment. It will offer up to 190,000 m2 of space for rent. The project was prepared by the Accolade Group, which is also the investor and owner of the industrial park. The building intends to achieve an Excellent rating under the prestigious BREEAM New Construction environmental certification according to the latest standards. It is being constructed in accordance with the strictest requirements for sustainable development.  The financing was provided by a club of banks consisting of Komerční banka, Raiffeisenbank and Česká spořitelna.

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