Monday, 8 December 2025
Generali Fond Realit, managed by Generali Investments CEE and advised by Generali Real Estate, has acquired the GARBE Progresus Park Klášterec I logistics facility in the Ústí nad Labem region. The asset, positioned between Chomutov and Klášterec nad Ohří, comprises 18,500 sqm of fully leased space. ISOLATE, a German producer of technical and high-temperature thermal insulation, is the anchor tenant. The sellers were GARBE and Progresus.
“We are pleased to add this first logistic asset in the Czech Republic to the Generali portfolio. The Czech market continues to be of strategic importance to us,” says Ramon Spoladore, Head of CEE & Nordics region at Generali Real Estate.
According to Jaroslav Chalupka, Head of Transactions CEE and Nordics at Generali Real Estate, “The property offers strong investment potential thanks to its stable, long-term tenant. In addition, it is a newly built, modern facility equipped with the latest technologies and certified to the BREEAM Very Good standard.”
Marek Bečička, Head of Real Assets at Generali Investments CEE, comments: “The logistics and industrial segment offer a highly compelling opportunity, providing robust rental income and strengthening the fund’s overall revenue stream. This acquisition of a modern, high-quality asset represents another strategic milestone in diversifying our portfolio and securing sustainable, long-term returns.”
Lukáš Zrůst, Co-Founder of the Progresus Group, notes: “GARBE Park Klášterec I was our entry point into logistics real estate, and we recognized its significant potential from day one. The rapid full lease-up, smooth construction process and consistent performance of the project confirmed that it had been the right decision. I am especially pleased that the project attracted the interest of Generali Investments, one of Europe’s most respected investors and asset managers.”
He adds: “The partnership between GARBE and Progresus consistently delivers assets that stand the test of competition and time. We greatly appreciate this transaction with Generali Fond Realit, a renowned investment fund with a strong European footprint not only in the logistics segment but also across other real estate sectors.”
Martin Polák, Managing Director at GARBE for Central and Eastern Europe, states: “For GARBE, it is key that our logistics parks continue to attract both tenants and investors over the long term. GARBE Park Klášterec I is a newly built, fully leased hall and marks our fourth completed sale in the Czech Republic and Slovakia within the last eighteen months. I am delighted that investor demand continues to confirm the attractiveness of these properties as an investment product.”
Clifford Chance provided legal advice to Generali Real Estate, with tax and financial advisory from ASB and technical due diligence by Grinity. CMS represented GARBE and Progresus, while Grafton Property Partners acted as acquisition advisor and TPA handled tax and financial advisory.
