Garbe secures third loan for park in Piešťany

07
Dec
2023
News - Garbe secures third loan for park in Piešťany #financing #Garbe Industrial Real Estate #loan #Oberbank #retail park #Slovakia

by Property Forum | Industrial

The completion of Garbe Green Park Piešťany in Slovakia is close as Garbe has secured a third loan for the finalisation. The loan from Oberbank is in the volume of €14.6 million.


Garbe Green Park Piešťany has secured a third loan from the financing bank Oberbank already to finish the completion of the park. The final volume of the loan is €14.6 million accounting for 65 percent of the project's costs.

“Both buildings of 28,000 sqm in total were completed fully leased while we started the first one with only 30 percent prelease and the second fully speculatively, “said Martin Polák from Garbe.




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  • Czech furniture industry supplier Hranipex, a provider of edge banding, adhesives, cleaning products, and accessories, has leased nearly 3,000 sqm of warehouse space at CTPark Bucharest South. The company has relocated its operations to the new facility and is currently fully operational within the park.
  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


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