ARTICLES LABELLED WITH TAG Garbe

Garbe Industrial Real Estate is moving ahead with expansion into new development projects in Poland. With this purpose in mind, two experts experienced in the warehouse real estate sector have been appointed as Managing Directors and local subsidiary’s members of the management board. Adrian Biesaga and Michał Stachura joined the Warsaw-based Garbe branch at the beginning of September this year.

Fio investiční společnost (Fio investment company) has announced the second acquisition to its Fio realitní fond (Fio real estate fund). The fund has bought the industrial park GARBE Park Chomutov from its developer Garbe.

Hauser, a refrigeration furniture and technology supplier, has leased new premises in Garbe Park České Budějovice. Development company Garbe is now arranging a permit for customising spaces for the client. 

Garbe Industrial Real Estate CEE has completed the sale of Garbe Green Park Piešt'any in Slovakia. The nearly 28,000 sqm industrial park is fully leased. The buyer is Patria investiční společnost, a.s., part of ČSOB. 

A logistics complex is to be built in Bratislava's Petržalka district, which will create jobs for approximately 623 employees. This follows from the plan called Garbe Park Bratislava City, which the investor - the company SK5 Logimac - has submitted for environmental impact assessment (EIA). The estimated investment costs are approximately €30 million, writes the news portal of the Press Agency of the Slovak Republic TERAZ.SK. 

Garbe Industrial Real Estate CEE has signed a lease agreement comprising 18,000 sqm with GPV, an electronics manufacturing services partner. GPV will occupy the entire building in the Garbe Green Park Piešťany. The building is currently under construction and will be finished this month. Adjustments related to the customer’s operation will be completed by the end of the year. This park that is located 80 kilometres from Bratislava will be fully let and developed.

The investment groups Progresus and Halcyon have entered a strategic collaboration with the German firm GARBE Industrial Real Estate CEE. The first joint project will be the construction of an industrial hall in the Czech town of Klášterec nad Ohří covering 20,815 square metres of floorspace and valued at approximately €30 million.

Union Investment has acquired a new logistics building in the Polish town of Września, around 50 km east of Poznań. The acquisition will be added to the holdings of institutional fund UII Garbe Logistik Fonds. The seller is Netherlands-based online retailer vidaXL. The parties have agreed not to disclose the purchase price.

Demand for logistics real estate is not slowing in Europe, driving significant upward price growth. This development is further fuelled by increased construction and financing costs in the new-build segment. Overall, 70% of the examined European markets registered substantial growth since the end of the second half of 2021, whereas 30% saw no change in rent levels. The remarkable thing is that no region reported negative rental growth. These are some of the findings Garbe Research presented in its latest Garbe Pyramid Map, the 2022 mid-year update of the company’s yield and rent map for the 122 most important logistics real estate submarkets in 23 European countries.

Garbe Industrial Real Estate GmbH continues to expand in the Czech market and joins a project in České Budějovice. The developer’s largest project so far was carefully selected and is located in South Bohemia. The region has great potential with connections to key European markets.