Brownfield project in Czechia
Germany-based Garbe Industrial Real Estate has launched its first project in Czechia. The logistics site developer acquired a brownfield site in Chomutov, where it plans to develop a 32,000 sqm industrial project.
The 65,000 sqm site is located just a few kilometres from the German border in Chomutov in the Ústí nad Labem region. The transaction was backed by the 108 Agency real estate consultancy. The project will involve demolition work, which will begin by the end of this year, and the revitalisation of the derelict buildings.
Building is to start in summer 2021. The original paved areas will be turned into new paths, parking spaces and roads. In terms of sustainability, it will also include the use of photovoltaic panels for power generation. (sh)