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Clifford Chance and Allen & Overy Advise on EUR 137.5 Million Loan to Accolade

Clifford Chance and Allen & Overy Advise on EUR 137.5 Million Loan to Accolade

Czech Republic
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Clifford Chance has advised a club of lenders including Komercni Banka, Ceska Sporitelna, and Raiffeisenbank on a EUR 137.5 million loan to the Accolade group for the construction of an Amazon automated distribution center. Allen & Overy advised Accolade.

According to Allen & Overy, the financing for the development of an innovative distribution center in Kojetin, the Czech Republic, represents “the largest-ever loan for a single industrial rental property” in CEE.

“Accolade will be using the money to finance the construction and long-term ownership of an automated distribution center, that is being built in Kojetin, near the D1 highway. The total surface area of the three-story premise will be more than 187,000 square meters,” Clifford Chance informed. “The area of the warehouse will include natural elements, such as dedicated areas for insects and lizards and there is a plan to plant around 500 trees in the area. The heating of the premises will be powered by heat pumps and there will be photovoltaic panels installed on the roof.”

Clifford Chance’s team included Partner Milos Felgr, Counsel Milan Rakosnik, Associates Tereza Rehorova and Josef Lysonek, and Junior Lawyers Adam Simice and Tomas Kubala.

Allen & Overy's team included Counsel Petra Mysakova, Senior Associate Lucie Siva, and Trainee David Bujgl.