Just before the end of the year, the third fund of the ARETE Group completed the acquisition of the production area in Vráble, which is leased by Nanogate
The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe has completed just before the end of 2021 the acquisition of the Nanogate Slovakia production plant belonging to the American Techniplas Group. The Techniplas Group is the world’s leading manufacturer of technologically precise and technically complex plastic components. The modern production plant with almost 15,000 sqm of production, storage and office space is the second completed transaction of the third ARETE fund in Slovakia this year, with the value of the transaction exceeding EUR 11 million. “With the Nanogate Slovakia production plant in Vráble, West Slovakia, 20 kilometres from Nitra, our third fund is primarily gaining a long-term and stable tenant who is one of the leaders in its field. Nanogate provides a complete plastic injection solution. Its customers are companies from the electronics, automotive and aerospace industries, as well as companies from the field of medical and packaging technology. Since this year, Nanogate’s European production plants have belonged to the American Techniplas group. In addition to an excellent international rating, the production plant in Vráble gained access to the parent company’s top know-how and new global markets. The tenant’s intentions in the locality are long-term, as evidenced by the prepared investments in technologies in the order of millions of EUR. The acquisition of the production plant took place in a sale-and-leaseback structure, and we would like to appreciate the very constructive and open negotiations on the part of Nanogate’s representatives,” said Lubor Svoboda, co-founder of the ARETE Group. Igor Mlynarčík, CEO and Managing Director of Nanogate Slovakia, adds: “The ARETE Group has been able to offer us a package of services that will enable us to focus on our core business and provide customers with better services and products in the future. At the same time, we are gaining a strong and professional partner in the field of real estate, which will ensure greater user comfort and a professional approach to solving open points. The process of the whole transaction and the time course represented a great challenge, which was realized thanks to the very pragmatic approach of the teams of both companies, the high level of professionalism and the proactive approach. We are already looking forward to cooperating on future projects.” “We are pleased to welcome Nanogate Slovakia to our portfolio of premium tenants. From the point of view of the entire portfolio of our third fund, we acquire a quality tenant who, with its business focus and business profile, perfectly contributes to the fulfilment of our diversified real estate portfolio strategy. We have a very strong perception that, in addition to tenants from the logistics and e-commerce segments, it is necessary to stabilize the portfolio through long-term leases, especially with manufacturing companies. In line with our business strategy, industrial real estate in Slovakia will represent a significant part of our portfolio in the long run. We are therefore very pleased that we have managed to complete the transaction this year. From the point of view of the long-term sustainability of the entire project, we plan the gradual introduction of renewable energy sources and BREEAM certification will also be a matter of course. We already consider these activities to be the standard for building industrial portfolios today,” concludes Robert Ides, the second co-founder of the ARETE Group. https://tiskovezpravy.hn.cz/c1-67018390-tesne-pred-koncem-roku-dokoncil-treti-fond-skupiny-arete-akvizici-vyrobniho-arealu-ve-vrablich-ktery-ma-v-najmu-spolecnost-nanogate-hodnota-transakce
“českých 100 Nejlepších”
“ČESKÝCH 100 NEJLEPŠÍCH” We received awards in the “Dynamic Growth and Stability” category, which, as words, accurately describe the key attributes of investing in our ARETE funds. Our colleague Josef Vojta received the award from the Rector of Charles University, Professor Tomáš Zima.
Fund Partners Fond Realitných Investícií From The Management Company Partners Asset Management Has Decided For A Major Investment In The Third Arete Fund
PARTNERS Fond realitných investícií from the management company PARTNERS ASSET MANAGEMENT has decided to invest a significant part of its fund capital in the ARETE Industrial fund. This investment brings undeniable benefits to both funds. The third fund of the ARETE group acquires another strong institutional investor who fundamentally appreciates the fund’s strategy based on closed investment cycles. PARTNERS Fond realitných investícií brings to the market a unique product that enables participation in the income from large real estate projects that have so far been unavailable to most retail investors. The volume of assets under management by the PARTNERS Fond realitných investícií fund should reach EUR 250 million within five years. “The third fund of our group is focused not only on qualified investors, but especially on institutional investors. For this year, we have set ourselves the goal of completing the entry of at least one major institutional investor. We have now succeeded and we are very pleased that the management company PARTNERS ASSET MANAGEMENT has decided to allocate up to a third of the total assets under management of the open-end mutual fund PARTNERS Fond realitných investícií for investments in our ARETE Industrial fund. Our fund thus becomes practically an anchor investment of this new fund of the company PARTNERS ASSET MANAGEMENT. Their decision, which was preceded by a very thorough analysis of our fund’s strategy and investment parameters, is proof that our results so far, returns actually paid to investors, emphasis on strict adherence to the investment horizon, but especially our responsible approach to fund administration and management bring investors far more transparent and a more credible investment model than the competition. At the same time, it is a new experience for us that through the fund PARTNERS Fond realitných investícií, retail investors in Slovakia can participate in the income of our fund for the first time,” said Lubor Svoboda, co-founder of the ARETE Group. Jakub Rosa, Investment Director of the management company PARTNERS ASSET MANAGEMENT, continues in the same spirit: “The goal of the fund PARTNERS Fond realitných investícií is to bring PARTNERS GROUP SK clients diversification of stock-bond portfolios by the inevitable alternative part in the form of real estate. The fund’s investment strategy is unique in Slovakia. In cooperation with established players in the regional real estate market, we present the most effective solutions, through which we will allow ordinary investors access to another league. For us, the inclusion of the ARETE Industrial fund represents a long-term strategic cooperation based on mutual partnership. We especially appreciate the unique strategy, professional approach and long-term experience of the fund’s representatives, confirmed by results. The combination of these factors allows investors of the fund PARTNERS Fond realitných investícií to participate in a first-class product that they would not normally be able to touch. In terms of our fund allocation, ARETE Industrial diversifies portfolio by logistics and light industry, which has become the most sought-after asset in the commercial real estate market since the pandemic. Our investors also perceive the aspect of local patriotism positively, through the development of the regional economy and participation in the development of local projects, often at an accessible distance from their place of residence.” About PARTNERS ASSET MANAGEMENT The management company PARTNERS ASSET MANAGEMENT entered the Slovak financial market in 2021 with the ambition to increase the availability of quality investment opportunities for investors. The flagship and at the same time the first fund managed by the management company is the real estate fund PARTNERS Fond realitných investícií. PARTNERS ASSET MANAGEMENT is part of the financial group PARTNERS GROUP HOLDING SK. It uses the synergies and know-how of the holding’s sister company with many years of experience in the field of financial intermediation, capital market and insurance. More information at www.partnersasset.sk. More in the press release published on https://lnkd.in/dJHxiH-i. Only in Czech.
Industrial real estate expects further growth
One of the co-founders of the ARETE Group, Lubor Svoboda, gave an exclusive interview to the weekly EKONOM. Among other things, the topic of the future of real estate investment was discussed, and according to Lubor, the figures show that the industrial real estate market in Central Europe will not be “mined” for another five to seven years. “There are also promising residential properties in the Czech Republic, because the last ten years have not been able to meet demand at all. When the situation stabilizes a little in two years, some office centers will also be attractive. Conversions of hotels to residential properties can also be interesting.” An extensive interview with Lubor Svoboda and a number of interesting ideas can be found at (in Czech): https://ekonom.cz/c7-67000970-1424ja-1aef09a2d0450d6
We create portfolios that are making money
“Closed investment cycles are fair play for both parties. Investors know how long the capital is invested, we know how long we can work with it,” says Lubor Svoboda, co-founder of the ARETE investment and real estate group. According to him, ARETE funds can build a quality portfolio of industrial real estate, which in turn can be more easily sold to a very creditworthy world buyer willing to pay the premium price. Fund ARETE INDUSTRIAL, which targets EUR 400 million of assets under management over a five-year horizon with targeted annual return of up to 10%, is open for investors. Find out more about our fund in an interview with ARETE co-founder Lubor Svoboda for the monthly Magazín Reportér: https://lnkd.in/dHqrmH5d
Investment cycle of the ARETE Invest fund investment fund with variable capital, settled all investors and closed the investment cycle
The ARETE Investment and Real Estate Group, which includes real estate investment funds, is gradually fulfilling the strategy and investment objectives of its third fund, ARETE Industrial, which have been set for this year. At the same time, it intensively improves the management team. At the end of September, Miroslav Barnáš, who worked in the Jones Lang LaSalle (JLL) Group for more than 15 years and for the last 4 years as CEO of Czech Republic & Slovakia, strengthened the team from the position of a member of the Supervisory Board of ARETE Industrial and the manager responsible for the group’s transactions. On October 1st, Alica Koblovská took over the position of Chief Legal Officer of the ARETE Group, which worked for many years in the law firm Kocian Šolc Balaštík and most recently participated in the management of the BM Management family office from the position of General Counsel. Alica also became a member of the Supervisory Board of the fund ARETE Industrial. “For this year, we have set ourselves the goal of carrying out a total of five transactions worth a total of 1.5 billion Czech crowns. In terms of business structure, new development projects now slightly predominate over yielding assets, however, for next year’s acquisitions we assess and manage due diligence mainly on income generating assets. I’m optimistic that we will most likely meet the investment targets set for this year. At the same time, we received a positive response from investors to close our second sub-fund. For this reason, we are also succeeding in fulfilling our goals in the area of fundraising,” concludes Robert Ides, co-founder of the ARETE Group, with a positive assessment of the development of the third fund. Lubor Svoboda, the second co-founder of the ARETE Group, continues: “In order to be able to meet the set development goals of the group and our funds, it is essential that we constantly strengthen our team. I’m very pleased that Miro Barnáš is now a member of the Supervisory Board of ARETE Industrial and the manager responsible for ARETE Group transactions, whose experience in managing the JLL Group in the Czech Republic and Slovakia will undoubtedly help build a stable and profitable portfolio of our third fund. Miro has over 15 years of experience in the field of commercial real estate, especially in the field of investments, valuations, leases, construction and property management. He has led or participated in a number of acquisition or sale transactions on the capital markets in the countries of Central and Eastern Europe, especially the Czech Republic and Slovakia. From 2011 to 2020, he worked for the international real estate consulting company Jones Lang LaSalle, holding various managerial and managerial positions (Managing Director, Head of Capital Markets and finally CEO). He graduated from the University of Economics in Bratislava and has been a member of the Royal Institute of Chartered Surveyors (RICS) since 2011.” The second significant reinforcement of the ARETE team is Alica Koblovská. Alica worked for over 6 years in the law firm Kocian Šolc Balaštík, focusing mainly on real estate and commercial law. She comes to ARETE from the BM Management family office, where she has held the position of General Counsel for the last more than 4 years. She has participated in the company’s international transactions in the area of Venture Capital & Private Equity. Lubor Svoboda adds: “From the position of Chief Legal Officer of the group and a member of the Supervisory Board of ARETE Industrial, Alica will be responsible for the legal and procedural support of our projects and investment structure. I’m convinced that her ability to combine the legal aspects with a business perspective will help us mainly in the successful growth and fulfilment of the acquisition goals of our funds.”
Investment cycle of the ARETE Invest fund investment fund with variable capital, settled all investors and closed the investment cycle
The ARETE Investment and Real Estate Group, which includes real estate investment funds, is gradually fulfilling the strategy and investment objectives of its third fund, ARETE Industrial, which have been set for this year. At the same time, it intensively improves the management team. At the end of September, Miroslav Barnáš, who worked in the Jones Lang LaSalle (JLL) Group for more than 15 years and for the last 4 years as CEO of Czech Republic & Slovakia, strengthened the team from the position of a member of the Supervisory Board of ARETE Industrial and the manager responsible for the group’s transactions. On October 1st, Alica Koblovská took over the position of Chief Legal Officer of the ARETE Group, which worked for many years in the law firm Kocian Šolc Balaštík and most recently participated in the management of the BM Management family office from the position of General Counsel. Alica also became a member of the Supervisory Board of the fund ARETE Industrial. “For this year, we have set ourselves the goal of carrying out a total of five transactions worth a total of 1.5 billion Czech crowns. In terms of business structure, new development projects now slightly predominate over yielding assets, however, for next year’s acquisitions we assess and manage due diligence mainly on income generating assets. I’m optimistic that we will most likely meet the investment targets set for this year. At the same time, we received a positive response from investors to close our second sub-fund. For this reason, we are also succeeding in fulfilling our goals in the area of fundraising,” concludes Robert Ides, co-founder of the ARETE Group, with a positive assessment of the development of the third fund. Lubor Svoboda, the second co-founder of the ARETE Group, continues: “In order to be able to meet the set development goals of the group and our funds, it is essential that we constantly strengthen our team. I’m very pleased that Miro Barnáš is now a member of the Supervisory Board of ARETE Industrial and the manager responsible for ARETE Group transactions, whose experience in managing the JLL Group in the Czech Republic and Slovakia will undoubtedly help build a stable and profitable portfolio of our third fund. Miro has over 15 years of experience in the field of commercial real estate, especially in the field of investments, valuations, leases, construction and property management. He has led or participated in a number of acquisition or sale transactions on the capital markets in the countries of Central and Eastern Europe, especially the Czech Republic and Slovakia. From 2011 to 2020, he worked for the international real estate consulting company Jones Lang LaSalle, holding various managerial and managerial positions (Managing Director, Head of Capital Markets and finally CEO). He graduated from the University of Economics in Bratislava and has been a member of the Royal Institute of Chartered Surveyors (RICS) since 2011.” The second significant reinforcement of the ARETE team is Alica Koblovská. Alica worked for over 6 years in the law firm Kocian Šolc Balaštík, focusing mainly on real estate and commercial law. She comes to ARETE from the BM Management family office, where she has held the position of General Counsel for the last more than 4 years. She has participated in the company’s international transactions in the area of Venture Capital & Private Equity. Lubor Svoboda adds: “From the position of Chief Legal Officer of the group and a member of the Supervisory Board of ARETE Industrial, Alica will be responsible for the legal and procedural support of our projects and investment structure. I’m convinced that her ability to combine the legal aspects with a business perspective will help us mainly in the successful growth and fulfilment of the acquisition goals of our funds.”
We completed one of this year’s key acquisitions – a production and storage facility in the Plzeň – Borská pole industrial zone.
The third fund of the ARETE Group was an extraordinary success and completed the acquisition of a production and storage complex with development potential in the Plzeň – Borská pole industrial zone. Investments in Pilsen will reach almost EUR 20 million. The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe completed in October one of this year’s key acquisitions – a production and storage facility in the Plzeň – Borská pole industrial zone. After the completion of all phases of development, the new ARETE PARK Plzeň Borská pole will provide a total of 18,202 m2 of premium areas for light production, assembly and logistics. ARETE plans to invest almost EUR 20 million in the new park. “The acquisition in the Plzeň – Borská pole industrial zone was one of the highest priorities we set for this year as part of the investment strategy of our third fund, and we are very pleased that we managed to complete the acquisition. The location Borská pole is historically the centre of production and logistics in the region and has long been considered a premium throughout the Czech Republic. It is not only about logistics and production, but above all about high-tech research and development centres and other highly qualified activities. The connection of the Borská pole industrial zone is ensured by two motorway feeders within 5 minutes on the D5 motorway connecting Prague and Germany,” said Lubor Svoboda, co-founder of the ARETE group. “There are 6,000 sqm of rental space immediately available for short- to medium-term rent in the complex. However, the strategic intention is to develop the entire park, which will provide more than 18,000 sqm of premium space for light manufacturing, assembly and logistics. The specifications of production and storage areas meet the latest standards, such as LED lighting, 10.5 m storage height, excellent thermal insulation parameters, concrete exterior surfaces, etc. All design specifications aim to minimize operating costs for tenants of the park. As part of the new construction, the principles of long-term sustainability of the entire project, the use of renewable energy sources and, of course, BREEAM certification will be applied. We plan to complete the park by the end of 2022,” explains Robert Ides, the second co-founder of the ARETE group. “The completion of this transaction is the third of a total of five anticipated transactions this year. By the end of 2021, we would like to value of 1.5 billion Czech crowns in assets under management, consisting of yielding assets and our new developments,” concludes Lubor Svoboda a very positive assessment of this transaction and the current development of the third ARETE fund.
The third fund of the ARETE was an extraordinary success and completed the acquisition of a production and storage complex with development potential in the Plzeň – Borská pole industrial zone. Investments in Pilsen will reach almost EUR 20 million
The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe completed in October one of this year’s key acquisitions – a production and storage facility in the Plzeň – Borská pole industrial zone. After the completion of all phases of development, the new ARETE PARK Plzeň Borská pole will provide a total of 18,202 m2 of premium areas for light production, assembly and logistics. ARETE plans to invest almost EUR 20 million in the new park. “The acquisition in the Plzeň – Borská pole industrial zone was one of the highest priorities we set for this year as part of the investment strategy of our third fund, and we are very pleased that we managed to complete the acquisition. The location Borská pole is historically the centre of production and logistics in the region and has long been considered a premium throughout the Czech Republic. It is not only about logistics and production, but above all about high-tech research and development centres and other highly qualified activities. The connection of the Borská pole industrial zone is ensured by two motorway feeders within 5 minutes on the D5 motorway connecting Prague and Germany,” said Lubor Svoboda, co-founder of the ARETE group. “There are 6,000 sqm of rental space immediately available for short- to medium-term rent in the complex. However, the strategic intention is to develop the entire park, which will provide more than 18,000 sqm of premium space for light manufacturing, assembly and logistics. The specifications of production and storage areas meet the latest standards, such as LED lighting, 10.5 m storage height, excellent thermal insulation parameters, concrete exterior surfaces, etc. All design specifications aim to minimize operating costs for tenants of the park. As part of the new construction, the principles of long-term sustainability of the entire project, the use of renewable energy sources and, of course, BREEAM certification will be applied. We plan to complete the park by the end of 2022,” explains Robert Ides, the second co-founder of the ARETE group. “The completion of this transaction is the third of a total of five anticipated transactions this year. By the end of 2021, we would like to value of 1.5 billion Czech crowns in assets under management, consisting of yielding assets and our new developments,” concludes Lubor Svoboda a very positive assessment of this transaction and the current development of the third ARETE fund.
Investment cycle of the ARETE Invest fund investment fund with variable capital, settled all investors and closed the investment cycle
The ARETE Investment and Real Estate Group, which includes real estate investment funds, paid out all investors from the ARETE INVEST Subfund CEE II after the March sale of the portfolio, and thus successfully closed the investment cycle. This is the second successful closing of the sub-fund and its deletion from the register of investment funds maintained by the CNB. The ARETE Group is the only one on the Czech market to close and settle investment funds at the end of the investment cycle, directly as part of the investment strategy. Following the sale of the sub-fund’s portfolio worth EUR 113.2 million (CZK 3 billion) in March to Cromwell European REIT (CEREIT), a publicly traded real estate investment trust listed on the Singapore Stock Exchange, the principal and returns of all sub-fund investors were duly paid out and all bank financing liabilities have been fully settled. This fulfilled all legal conditions so that the entire fund, including the sub-fund, could be deleted from the list of investment funds with legal personality maintained by the Czech National Bank with effect from 1 September 2021. “We evaluate the results of the entire ARETE Invest fund, respectively both of its sub-funds, clearly positive. We closed the first sub-fund investing in residential real estate with a total average gross return of 39% p.a. in 2017. The second sub-fund investing in quality logistics and light industrial real estate, which we have now settled, was able to deliver and pay its investors a total average gross return of 11% p.a., however, investors who subscribed for the sub-fund’s investment shares in the first wave achieved a gross return on investment of over 20% p.a.. The success of both sub-funds clearly underlines our group’s ability to prepare and implement the right investment strategy for each investment period,” said Lubor Svoboda, co-founder of the ARETE group. “In particular, the successful closing of the CEE II sub-fund, where we had more than 100 investors, must be assessed from the perspective of the year 2015, when we analysed market opportunities and prepared an investment strategy. At that time, industrial real estate was on the fringes of investor interest and accounted for less than one tenth of the volume of completed transactions worldwide. Our strategy was correct and clearly successful,” explains Robert Ides and continues: “In light of current events in the Czech and Slovak capital market, we see that our approach provides investors with a parametrically different level of security and fair treatment than the competition. Unconditional adherence to the investment horizon combined with the correct timing of portfolio sales are the result of precise fund management and control. Our asset valuations and revenues are based on the realized market price, real sales. We now move on. Our third fund is now in the investment phase, we want to fulfil our strategy again and build a much larger and coherent portfolio of high-quality industrial and logistics real estate in the region of Central and Eastern Europe with a target value of at least EUR 400 million. At the end of the investment cycle, we want to offer the portfolio again to institutional buyers.” The whole article in CZ: https://tiskovezpravy.hn.cz/c1-66982100-investicni-cyklus-fondu-arete-invest-investicni-fond-s-promennym-zakladnim-kapitalem-a-s-vyporadal-vsechny-investory-a-uzavrel-investicni-cyklus
