Investment group Accolade has made a bold entry into South Bohemia by acquiring GARBE Park Ceske Budejovice from GARBE Industrial Real Estate. The deal, worth over €100m, includes fully leased Hall 4 (approx. 20,000m²), newly completed Hall 5 (approx. 30,000m²), and prime development-ready land. It is among the largest Czech commercial real estate transactions in 2025 and the second-largest in the industrial segment.
Under the deal terms, Accolade will take over asset management for the entire park, integrating the asset into its own fund. GARBE will retain responsibility for property and development management, while future construction will be jointly handled by the two firms via a new JV. Upon full build-out, the park is expected to span 490,000m² of land with more than 230,000m² of rental space, making it a regional industrial powerhouse.
“Our long-term vision at GARBE is to create modern and attractive industrial parks that appeal to both investors and tenants... This park offers excellent parameters - outstanding transport accessibility, cutting-edge technologies, and a strong focus on sustainability - and will surely become a sought-after address for companies,” said Martin Polak, Managing Director of GARBE for Central and Eastern Europe.
The investment plays into key macro trends in Europe’s logistics real estate: regional diversification, nearshoring, and ESG performance. Both completed halls hold BREEAM Excellent certification, highlighting their strong sustainability credentials. Features such as rainwater recycling, heat pump-based heating, and green roofs signal to occupiers and fund managers alike that the asset is future-proofed for regulatory and reputational standards.
“Thanks to our partnership with GARBE, we have reached another key milestone in our efforts to enhance regional diversification... We strongly believe in investing in regional hubs like regional capitals, where we can foster new opportunities and support people in building strong foundations for work and life,” added Milan Kratina, CEO of Accolade.
The park’s strategic location, just 2km from the D3 motorway and within close proximity to the Austrian border, offers seamless access to major markets such as Linz (90?km), Munich (300km), and Berlin (500km). Legal and advisory services were provided by Kinstellar, TPA, CMS, ASB, Savills, and RotaGroup. Investors looking for scalable, ESG-certified logistics hubs in Central Europe will find this transaction a bellwether for further regional activity.
People mentioned:
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Martin Polak, Managing Director, GARBE Industrial Real Estate Central and Eastern Europe
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Milan Kratina, CEO, Accolade
Companies mentioned:
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Accolade – Buyer, asset manager of the park
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GARBE Industrial Real Estate – Seller, property and development manager
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Kinstellar – Legal advisor to Accolade
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TPA – Tax and financial due diligence for Accolade
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Savills – Technical due diligence for Accolade
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CMS – Legal advisor to GARBE
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ASB – Tax and financial advisory for GARBE
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RotaGroup – Technical due diligence for GARBE
Image Source: GARBE
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