The investment group Accolade has expanded into the South Bohemian Region through the acquisition of GARBE Park České Budějovice from GARBE Industrial Real Estate. The transaction includes the completed and fully leased Hall 4, the newly constructed Hall 5, and development-ready land plots for future projects. The total value of the acquisition exceeds €100 million (approximately CZK 2.5 billion), making it one of the largest commercial real estate deals in the Czech Republic this year and the second-largest in the industrial segment. GARBE Park České Budějovice, situated in Boršov nad Vltavou, began development in 2023. Once fully built, the park will cover roughly 490,000 square meters and offer over 230,000 square meters of rentable space, comprising logistics, manufacturing, office, and retail facilities. Construction is planned in two phases, with the first already underway and the second contingent on market demand. Accolade’s acquisition includes Halls 4 and 5, as well as land for further development, which will be undertaken by a joint venture between Accolade and GARBE. Milan Kratina, CEO of Accolade, stated that the partnership with GARBE represents a significant milestone in the company’s strategy to expand regionally. He noted that the park in České Budějovice will become one of Accolade’s largest assets and emphasised the importance of investing in regional hubs to support economic development and create new opportunities. Hall 4, covering nearly 20,000 square meters, is leased to manufacturing companies Taconova and HAUSER. Taconova, based in Switzerland, uses the facility for production and logistics related to heating, sanitary, and solar systems, while HAUSER operates supplementary storage for refrigeration units, including those supplied to the LIDL supermarket chain. Hall 5, covering almost 30,000 square meters, was handed over earlier this year to NOBO AUTOMOTIVE, which manufactures seat sets for premium BMW vehicles at the site. Both completed buildings have achieved BREEAM Excellent certification, reflecting a focus on sustainability. Features include systems for rainwater collection and reuse, green roofs and façades, heat pump-based heating, and energy-efficient LED lighting and heating controls. Martin Polák, Managing Director of GARBE for Central and Eastern Europe, commented that GARBE Park České Budějovice demonstrates the company’s success in developing modern industrial parks attractive to both investors and tenants. He highlighted the park’s strong transport links, advanced infrastructure, and sustainability standards. The first phase of the park will soon include two additional buildings. One will house a BILLA supermarket, serving both park employees and the public, while the other will be leased to TERA Systems and Gebrüder Weiss. Construction of two further buildings is scheduled for later this year, with approximately 160,000 square meters of land available for future development. Accolade will assume asset management responsibilities for the entire park, while GARBE will continue providing property management services. Lukáš Répal, COO of Accolade, noted that the acquisition integrates well with Accolade’s portfolio and offers opportunities to apply the company’s asset management expertise across a diverse tenant mix. Accolade received legal advice from Kinstellar, with TPA handling tax and financial due diligence, and Savills conducting technical due diligence. The seller, GARBE, was advised by CMS on legal matters, ASB on tax and financial advisory, and RotaGroup on technical due diligence. GARBE Park České Budějovice benefits from a strategic location approximately two kilometres from the D3 motorway, providing connections from Prague through Tábor and České Budějovice to the Czech-Austrian border. The park is situated 90 kilometres from Linz, 300 kilometres from Munich, 400 kilometres from Budapest, and 500 kilometres from Berlin. It also lies just three kilometres from České Budějovice airport, further enhancing its accessibility.