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Acquisition of GARBE Park České Budějovice by Accolade

CATEGORY
Investment Deal of the Year, CEE
This transaction represents one of the largest Czech industrial deals of 2025 at closing, confirming the sector's strong investment potential. The acquisition exemplifies Accolade's market maker strategy, targeting high-quality assets in strategic regional locations. It demonstrates successful acquisition of an existing premium project meeting stringent standards, while establishing the first Accolade-GARBE partnership with significant potential for future collaboration.
Name of the deal
Acquisition of GARBE Park České Budějovice by Accolade
Information about the transaction
In July 2025, Accolade acquired GARBE Park České Budějovice from GARBE for over EUR 100 million, marking its strategic entry into South Bohemia and one of the largest Czech industrial real estate transactions of the year.
The acquisition included two fully leased buildings (totalling approx. 50,000 sqm) – Hall 4 (Taconova, HAUSER) and Hall 5 (NOBO Automotive), both holding BREEAM Excellent certification.
The deal also covered two projects under development and development-ready land plots totalling around 160,000 sqm for future construction. Future phases will be realized via a joint venture between Accolade and GARBE.
Upon completion, the park will span approx. 490,000 sqm with over 230,000 sqm GLA. Accolade has assumed full asset management, while GARBE continues providing property management services.
The date of closing the deal
2025-07-03
Value of the transaction (in EUR)
100000000
Yield
5.45%
Seller, plus brief information about the company
GARBE Industrial Real Estate is a leading European specialist in logistics and light industrial real estate with over 25 years of experience. The company develops, acquires, leases, manages, and finances high-end commercial properties across strategic European locations. GARBE Industrial manages approximately 7.1 million sqm of lettable area and a development pipeline of 1.9 million sqm, representing combined assets valued at EUR 11 billion (December 2024) across Europe.
Consultancy which advised Seller
The seller was advised by CMS on legal matters, with ASB covering tax and financial advisory. Technical due diligence was provided by RotaGroup.
Purchaser, plus brief information about the company
Accolade invests in modern, sustainable industrial infrastructure across Europe, managing 66 certified industrial parks valued at approximately EUR 3.5 billion and covering nearly 3.7 million sqm leased to over 200 global tenants (including portfolio of the qualified investor fund Accolade Industria
Consultancy which advised Purchaser
Legal advisory for the purchaser was provided by Kinstellar, with TPA handling tax and financial due diligence, and Savills responsible for technical due diligence.
Financing institution
Raiffaisenbank a.s. (existing bank loan provider)
Current occupancy level
100