News
Generali Fond Realit acquires GARBE Progresus Park Klášterec I
Prague, 8 December 2025 – The investment fund Generali Fond Realit, managed by Generali Investments CEE, advised by Generali Real Estate, has completed the acquisition of the GARBE Progresus Park Klášterec I logistics asset, located in the Ústí nad Labem region between Chomutov and Klášterec nad Ohří. The transaction covers a fully leased property with a total area of 18,500 sqm, with ISOLATE, a German manufacturer of technical and high‑temperature thermal insulation, as its anchor tenant. The sellers of the asset are GARBE and Progresus. This transaction is a clear signal that high‑quality logistic properties continue to hold a strong position in the market.
“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. “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,” adds Jaroslav Chalupka, Head of Transactions CEE & Nordics Region at Generali Real Estate.
„The logistics and industrial segment offers 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,” comments Marek Bečička, Head of Real Assets at Generali Investments CEE.
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.”
“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,” emphasizes Lukáš Zrůst.
“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,” says Martin Polák, Managing Director at GARBE for Central and Eastern Europe.
Legal advisory for Generali Real Estate was provided by Clifford Chance, with tax and financial advisory by ASB and technical due diligence by Grinity. GARBE and Progresus were represented by the law firm CMS, Grafton Property Partners participated as an acquisition advisor, and TPA provided tax and financial advisory services.
Media Contact: Ivona Novotná, [email protected], +420 731 889 963 (GARBE Industrial)
About Generali Real Estate
Generali Real Estate is one of the world's leading real estate managers, with approximately €36.5 billion in assets under management in Q2 2025 and operating units in major European cities. Its integrated business model covers the entire real estate value chain.
A series of cross‑border investment vehicles, established by Generali Investments Luxembourg S.A. and managed by Generali Real Estate S.p.A. Società di gestione del risparmio as investment manager, aims to create long‑term value by investing in assets characterised by good location, high liquidity and excellent underlying leasing fundamentals.
Generali Real Estate, Generali Real Estate SGR S.p.A. and Generali Investments Luxembourg S.A. are part of Generali Investments, a platform of asset management firms delivering a portfolio of specialist capabilities with €632.2 billion under management and more than 2,200 employees (source: Generali Investments Holding S.p.A., data as at end of Q2 2025, net of double counting).
About Generali Investments CEE
Generali Investments CEE, investiční společnost, a.s. (hereinafter referred to as “Generali Investments CEE” or “Company”) is an investment company providing services in the field of collective investment and asset management. It has been active in the market since 1991 (formerly under the name “ČP INVEST investiční společnost, a.s.”) and it is one of the largest asset managers in the Czech Republic and in the entire CEE region, with the value of the managed assets CZK 396.7 billion (according to the Czech Capital Market Association, information as of 30.9.2025).
Generali Investments CEE offers a comprehensive range of products and services to individual investors and institutions in the field of collective investment and asset management. Due to its strong analytical background, the Company is able to provide professional services in the field of asset management especially to municipalities, foundations and institutional investors, including mostly insurance and reinsurance companies and pension funds.
The basic offer for individual investors consists of the Czech mutual funds of Generali Investments CEE in CZK and the Irish investment funds of Generali Invest CEE plc in CZK and EUR. The offer of direct investments in investment funds is supplemented by regular investment products, investment programs and life cycle products.
About GARBE Industrial Real Estate Czech Republic s.r.o.
GARBE Industrial Real Estate Czech Republic s.r.o. is part of GARBE Industrial GmbH & Co. KG, one of the leading platforms for logistics and light industrial real estate in Germany and wider Europe. For over 25 years now, the company has counted among the main independent partners for transport and logistics service providers, the trade sector and the manufacturing industry. As a developer, operator and investor, GARBE Industrial covers the entire value chain of real property – developing, buying or selling, acquiring, letting, administrating and financing high‑end light industrial real estate in attractive transport nodes and industrial sites inside and outside Germany.
At the moment, GARBE Industrial has around 7.0 million sqm of lettable area and a property development pipeline of around 2.1 million sqm in Germany and elsewhere in Europe under management that represent real assets and fund assets in a combined value of approximately 10.9 billion euros (as of 30 June 2025).
About Progresus Group
Progresus Group is an international investment group focused on sustainable residential and industrial development, as well as the development of traditional manufacturing businesses. The group owns and develops RD Rýmařov, the largest Czech manufacturer of timber‑frame houses, with over 50 years of history and more than 100,000 clients. In 2025, Progresus successfully developed and sold Seves Glass Block, the world’s largest producer of glass blocks.
With annual revenues exceeding CZK 2 billion and more than 1,000 employees, Progresus is the largest developer of single‑family homes in the Czech Republic. Its largest ongoing project is a new residential district covering 1.2 million sqm.