CEE Garbe secures full occupancy

Garbe has entered the markets of Central and Eastern Europe in 2020. Garbe Park Senec in Slovakia is managed by the real estate investment and asset manager Union Investment.

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 of time, we have also managed to lease buildings that we developed speculatively. 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.
Martin Stratov, country head for the Czech Republic and Slovakia at Garbe

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 Poznań. In Romania, Garbe focuses on the development of other industrial projects. The company 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.