July 2025 – Kinstellar has successfully advised Accolade on its strategic entry into the South Bohemian region through the acquisition of the Garbe Park industrial site in Boraov nad Vltavou, near České Budějovice, from Garbe Industrial Real Estate. The transaction, valued at nearly CZK 2.5 billion, ranks as the second-largest industrial real estate deal in the Czech Republic in 2025 to date. The acquired assets include two completed buildings — both fully leased — as well as development land for future expansion, which will be carried out through a joint venture between Accolade and Garbe.
The site, developed since 2023, offers a mix of logistics, manufacturing, office, and retail space, with a total lettable area expected to exceed 230,000 sqm upon completion. Existing tenants include Taconova, Hauser, and Nobo Automotive, with future tenants such as Billa, Tera Systems, and Gebrüder Weiss already confirmed. Accolade will oversee asset management, while Garbe continues as the property manager. Both completed buildings have been certified BREEAM Excellent, with environmentally efficient features such as green roofs, rainwater reuse, and energy-saving systems.
Kinstellar provided comprehensive legal advice to Accolade on the acquisition. The team was led by Partner Klára `těpánková, with support from Adam Němec (Managing Associate), Arťom Gnědin (Associate), Martin Holub (Managing Associate), Matěj Bolek (Senior Associate), Zuzana Konečná (Associate), Paul Válka (Junior Associate) and Lucie Heráčková (Research Assistant).
Tax and financial advisory was provided by TPA, and technical due diligence was handled by Savills. The seller, Garbe, was advised by CMS, with ASB and RotaGroup providing tax, financial and technical support.