GARBE announces 100 percent occupancy of all its industrial parks in CEE

GARBE, an active specialist in logistics, industrial, and technological real estate that entered the Central and Eastern European markets in 2020, announced the full occupancy of all its industrial parks in the region. The recently vacated 10,000 sqm in GARBE Park Senec, a property managed for the real estate investment and asset manager Union Investment, was immediately occupied by logistics company Würth International Trading s.r.o.

“Our industrial parks represent strong investments with high growth potential. We have developed several sites in Central and Eastern Europe with a focus on the highest requirements for sustainability, cutting-edge technical equipment, and excellent accessibility. Although we took over the premises in Senec as an existing property, it made great strategic sense. Their attractiveness is confirmed by the quick leasing of the recently vacated space by Würth,” says Martin Stratov, Country Head for the Czech Republic and Slovakia at GARBE.

“Four years ago, we first expanded into the Czech and Slovak markets, then into Poland, and recently into Romania. All our developed or under-construction sites are now fully occupied. These include primarily manufacturing or logistics companies, for which we have been able to build tailor-made spaces that meet their needs. In a short period, we have also managed to lease buildings that we developed speculatively,” adds Martin Stratov.

GARBE is currently operating industrial parks in České Budějovice and Klášterec nad Ohří in the Czech Republic. In Slovakia, it owns industrial premises in Senec, and in Poland, newly developed parks in Wrocław and Poznan. In Romania, GARBE focuses on the development of other promising industrial projects. GARBE also successfully sold two of its parks over the summer, which it still manages. These are in Chomutov, which falls within the portfolio of the Fio Real Estate Fund, and in Piešt’any, which is owned by Patria Investment Company.

“We also have sites in our portfolio where we can continue new developments. In the Czech Republic, this concerns České Budějovice, Klášterec nad Ohří, Pohořelice, Velký Osek, and Loděnice, and in Slovakia, Senec and Bratislava,” concludes Martin Stratov.