Generali Fond Realit has acquired the Garbe Progresus Park Klášterec I logistics facility in the Czech Republic from Garbe and Progresus.The investment fund, managed by Generali Investments CEE and advised by Generali Real Estate, completed the purchase of the 18,500 sqm property located in the Ústí nad Labem region between Chomutov and Klášterec nad Ohří.
The facility is fully leased with German technical and high-temperature thermal insulation manufacturer Isolate as the anchor tenant.
"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," says Ramon Spoladore, Head of CEE & Nordics region at Generali Real Estate. "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," adds Jaroslav Chalupka, Head of Transactions CEE and Nordics at Generali Real Estate.
"The logistics and industrial segment offer a compelling opportunity, providing 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," comments Marek Bečička, Head of Real Assets at Generali Investments CEE.
Lukáš Zrůst, Co-Founder of the Progresus Group, notes: "Garbe Park Klášterec I was our entry point into logistics real estate, and we recognized its 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. I am pleased that the project attracted the interest of Generali Investments, one of Europe's most respected investors and asset managers."
Legal advisory for Generali Real Estate was provided by Clifford Chance, with tax and financial advisory by ASB and technical due diligence by Grinity. Garbe and Progresus were represented by law firm CMS, with Grafton Property Partners providing acquisition advisory and TPA providing tax and financial advisory services.
