Garbe enters Czech market with a 65.000 sq m acquisition of brownfield development land in Chomutov


GARBE Industrial Real Estate GmbH will develop an industrial real estate Asset comprising 32.000 sq m in Chomutov.

GARBE Industrial Real Estate GmbH, one of the leading specialists in logistics and industrial real estate in Germany and the Netherlands has acquired as part of its European expansion strategy into the CEE market, a first-class development opportunity in Chomutov.

The land plot compromises 65.000 sq m is directly located on highway exit D7. Demolition of the current properties will begin by the end of this year and construction of the new, 32.000 sq m state-of-the-art logistics real estate facilities is scheduled to begin in summer 2021. The development of the newly acquired plot includes demolition, revitalization, and construction of sustainable industrial real estate in line with the surrounding landscape. ​

“We are proud to complete this purchase in the midst of challenging times. We are excited to partner with companies, which share a similar set of values and we want to assist our customers with their product and their operations to be most successful. All our properties will be constructed according to the latest technologies and comply with the latest environmental standards to minimize the impact on the environment,” said Martin Polak, Managing Director Garbe CEE.

The transaction was facilitated by the 108 AGENCY real estate consultancy. “We are happy that Garbe has acquired this plot for its future development. The location is very unique as it is located directly in Chomutov, right next to a trolleybus stop. We see much potential for development and business growth in the CEE with connections to North and Northwest Bohemia. It is positive to see that Garbe shares this opinion. We are already in negotiation with the first tenants,” said Jakub Holec, CEO 108 AGENCY.

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