News Article Chomutov Czech Republic Garbe Industrial Real Estate industrial logistics Progresus
by Property Forum | Industrial

A new logistics and industrial centre was opened in the area between Chomutov and Klášterec nad Ohří (west of Prague near the German border) for CZK 520 million (€21.4 million). The construction of the Garbe Park Klášterec II project with a total leasable area of over 18,000 sqm was completed in eight months. Representatives of the Progresus investment group and the developer and co-investor Garbe have already handed over the building to the main tenant, the German manufacturer of sealing systems Isolite. 

Eight months after the start of construction, the main tenant has already taken over the completed logistics and industrial centre Garbe Park Klášterec II in the Ústí nad Labem Region. The building with a total leasable area of 18,500 sqm is in the Verne industrial zone near the R13 road and the D7 motorway leading to Germany. At the same time, it has an international sustainability certification BREEAM Very Good. Thanks to this, the complex on land with an area of over 45,000 sqm was mostly leased long before its completion.

"Interest in sustainable industrial real estate in such locations continues to be huge in the Czech Republic. We had signed a contract with the main tenant Isolite for the occupation of more than 70% of the building in the spring before the start of construction," said Lukáš Zrůst, co-founder of the Progresus investment group, which is the main investor in the project. The co-investor and developer is the renowned German Garbe group, and the general contractor of the construction was the Czech company Imos.

The main tenant of the newly opened industrial hall intended it for production and storage is the German supplier of sealing systems for automotive and aerospace production, Isolite. Based on a 10-year lease agreement with an option for another 10 years, it occupied a total of 13,192 sqm in Garbe Park Klášterec II. This corresponds to almost three-quarters of the total available area. It will use the premises for the partial relocation of its plant from Ludwigshafen, Germany while moving mainly sophisticated production intended for the automotive sector to the Czech Republic. It also plans to locate its own research centre in the locality. According to the mayor of Klášterec nad Ohří, Štefan Drozd, the arrival of investors in the region is good news. "New jobs and a healthy competitive environment are being created. It is not only about Klášterec nad Ohří itself but about the entire Chomutov region. In today's turbulent times, any project that increases the economic potential and stability of the region is valuable."