Garbe and Progresus have sold an 18,500sqm logistics asset in the Czech Republic to a fund managed by Generali Real Estate’s central and eastern European (CEE) investments arm.
The Generali Fond Realit fund has invested an unspecified sum to acquire the fully leased Garbe Progresus Park Klášterec I logistics asset, located in the Ústí nad Labem region.
Ramon Spoladore, head of CEE and Nordics region at Generali Real Estate, said: “We are pleased to add this first logistics asset in the Czech Republic to the Generali portfolio. The Czech market continues to be of strategic importance to us.”
Jaroslav Chalupka, head of transactions CEE and Nordics at Generali Real Estate, said: “The property offers strong investment potential thanks to its stable, long-term tenant. In addition, it is a newly built, modern facility equipped with the latest technologies and certified to the BREEAM Very Good standard.”
Marek Bečička, head of real assets at Generali Investments CEE, said: “The logistics and industrial segment offers a highly compelling opportunity, providing robust rental income and strengthening the fund’s overall revenue stream. This acquisition of a modern, high-quality asset represents another strategic milestone in diversifying our portfolio and securing sustainable, long-term returns.”
Lukáš Zrůst, co-founder of the Progresus Group, said: “Garbe Park Klášterec I was our entry point into logistics real estate, and we recognised its significant potential from day one. The rapid full lease-up, smooth construction process and consistent performance of the project confirmed that it had been the right decision.”
Martin Polák, managing director at Garbe for CEE, said: “For Garbe, it is key that our logistics parks continue to attract both tenants and investors over the long term.
“Garbe Park Klášterec I is a newly built, fully-leased hall and marks our fourth completed sale in the Czech Republic and Slovakia within the last 18 months. I am delighted that investor demand continues to confirm the attractiveness of these properties as an investment product.”
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