ARTICLES LABELLED WITH TAG Garbe

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.