ASB Group represented the seller, GARBE, in the sale of GARBE Park České Budějovice. As the project includes not only logistics halls but also development land, the transaction value exceeded EUR 100 million. This makes it one of the largest industrial real estate transactions completed in the Czech Republic in the first half of this year.
The GARBE Park České Budějovice project is still under construction, and upon completion, it is expected to cover a total area of 490,000 m². The new owner of the property is Accolade. Through this acquisition, Accolade has expanded into the South Bohemian Region for the first time. According to Martin Polák, Managing Director of GARBE for Central and Eastern Europe, the project is a realization of GARBE’s long-term vision to develop modern industrial parks that attract not only investors but also tenants.
ASB Group provided transaction and financial advisory services on the seller's side. We would like to thank GARBE for their trust and cooperation.
