A few days ago, the French company Oxymetal, which specialises in metal processing and the production of metal components for various industries, including the automotive, energy and construction sectors, became a long-term tenant of the ARETE Park Plzeň Borská Pole complex when it took over a new industrial hall.
The completion of this project increases the total leasable area of the ARETE INDUSTRIAL fund by 4% to a total of 140,487 sqm. At the same time, the share of manufacturing increases to 14% of the total portfolio and the exposure of the funds’ assets in the Czech Republic increases to 49%. As of December this year, the new facility has also increased the WAULT of the portfolio which is now over 7 years.
The industrial park project in Plzeň is also exceptional in that way it is the first complete modernisation of a brownfield site. The former meat processing plant was completely revitalized and turned into a modern complex providing not only manufacturing, but also storage and retail space for several creditworthy tenants.
We Have Handed Over New Manufacturing And Storage Premises In Arete Park Plzeň To The Tenant
