Accolade is expanding into South Bohemia with the acquisition of GARBE Park České Budějovice from GARBE Industrial Real Estate.
The acquisition includes the completed and fully leased Hall 4, the newly built and recently handed-over Hall 5, and development-ready land plots for future construction, which will be carried out by a joint venture between Accolade and GARBE.
Hall 4 covers nearly 20,000 sq m and is leased to manufacturing companies Taconova and Hauser. Hall 5 covers almost 30,000 sq m and was handed over this spring to tenant Nobo Automotive. The technologically advanced plant in České Budějovice manufactures seat sets for premium BMW vehicles.
GARBE Park České Budějovice, located in Boršov nad Vltavou, began development in 2023. Upon completion, the park will cover approximately 490,000 square meters, offering over 230,000 square meters of rentable space. The park includes a mix of logistics, manufacturing, office, and retail spaces.
“This is our first expansion into the South Bohemian Region. The park in České Budějovice will become one of the largest in our portfolio once completed. We believe in investing in regional hubs like regional capitals, where we can foster new opportunities and support people in building foundations for work and life,” said Milan Kratina, CEO at Accolade.
“I am particularly pleased that we have secured a strong and reliable partner for further development. This park offers very good parameters - transport accessibility, cutting-edge technologies, and a focus on sustainability - and will surely become a sought-after address for companies,” added Martin Polák, Managing Director at GARBE for Central and Eastern Europe.
Legal advisory for Accolade was provided by Kinstellar, with TPA handling tax and financial due diligence, and Savills responsible for technical due diligence. The seller was advised by CMS on legal matters, with ASB covering tax and financial advisory, and technical due diligence was provided by RotaGroup.
The total transaction value exceeds €100 million (almost CZK 2.5 billion), making it one of the largest commercial real estate deals in the Czech Republic this year and the second-largest in the industrial real estate segment.
