A New Era for Commercial Real Estate in South Bohemia

In a landmark transaction valued at over €100 million (nearly CZK 2.5 billion), investment group Accolade has acquired GARBE Park České Budějovice from GARBE Industrial Real Estate. This significant deal not only marks Accolade's strategic expansion into the vibrant South Bohemian region but also stands as one of the largest commercial real estate transactions in the Czech Republic's industrial segment this year. For businesses seeking high-quality, strategically located industrial and commercial space, this acquisition signals a new era of opportunity.

Prime Opportunities for Logistics, Manufacturing, Office, and Retail

The newly acquired park, strategically located in Boršov nad Vltavou near České Budějovice, is poised to become a hub for diverse business operations. Upon full completion, the development will span approximately 490,000 sqm, offering an impressive over 230,000 sqm of versatile rentable space. This includes dedicated areas for logistics, manufacturing, modern offices, and even retail, catering to a wide spectrum of business requirements.

The acquisition encompasses both completed and fully leased facilities, such as Hall 4, currently occupied by leading manufacturing companies Taconova and HAUSER, and the recently handed-over Hall 5, leased to NOBO AUTOMOTIVE. Crucially, the deal also includes development-ready land plots, ensuring future expansion possibilities tailored to market demand and tenant needs.

Commitment to Quality and Sustainability

Accolade’s commitment to providing top-tier commercial spaces is underscored by the high standards of the park. Both completed halls have proudly achieved BREEAM Excellent certification, reflecting a dedication to environmental sustainability, energy efficiency, and occupant well-being. Businesses looking to operate from an environmentally responsible and cost-efficient location will find these certifications highly appealing.

Expert Management for Seamless Operations

While Accolade will take over the crucial role of asset management for the entire park, ensuring optimal long-term value and tenant satisfaction, GARBE will continue to manage property operations. This collaborative approach ensures that businesses leasing space within the park will benefit from expert oversight in both strategic asset growth and efficient day-to-day property management. Furthermore, future construction within the park will be managed by a joint venture between Accolade and GARBE, promising continued development of high-quality industrial and commercial facilities.

If your business is looking to expand or establish a new presence in the heart of Europe with access to premium logistics, manufacturing, office, or retail environments, Accolade’s GARBE Park České Budějovice offers an unparalleled proposition.

Source: europaproperty.com