C&A extends the contract in Arete Park in Slovakia
C&A prolonged the lease agreement in the Arete Park in Nové Mesto nad Váhom. The company Arete Invest has bought a park from Prologis in 2017 where C&A signed a contract for another five years. The purchase was one of the largest in the Slovak market. The entire park is already leased to C&A, Vetropark Nemšová and Raben Logisitics. “The strategic position of Arete Park Nové Mesto nad Váhom was confirmed by closing the transaction and extending the lease. http://cijeurope.com/cz/encompassme-europe/28938/story/c-amp-a-prodluzuje-smlouvu-v-arete-parku-na-slovensku
The Czech Fund Arete Invest has extended to include an industrial estate for EUR 10 million in its portfolio
Arete Invest, a Czech fast growing fund focused on investments in the field of real estate, completed its first acquisition of this year. It is a purchase of an industrial estate right by the D1 highway in Vyškov, which is fully leased to Rompa, a supplier of plastic components. The financial volume of the transaction was about EUR 10 million. “Completion of this transaction took us more than two and a half years but all the effort will surely be rewarding to us as well as to our investors. Clearing old disputes and further planned development should considerably increase the value of the entire estate which newly belongs to our portfolio. We presume that the appreciation has already reached 20 %, now that the transaction has been completed says Lubor Svoboda, Co-founder and Chairman of the Administrative Board of the Arete Invest fund. The A-class industrial estate covers 10,400 m2 of the leasable area with the option to enlarge it by an additional 3,700 m2; the commencement of further construction in a part of the premises is planned for. The premises are 100 % leased to the multinational company Rompa, which focuses on the processing of plastics for the automotive and other industries and plastics for household products or packaging material. The company´s clients include brand names such as Siemens, Braun, Philips and Bosch. “The real estate is very well situated right next to the highway; it is a part of the local industrial park, and there is a sufficient quality labour force in the region, which, in itself, increases the value of the transaction,“ says Tomáš Novotný, Member of Investment Committee of the Sub-fund Arete Invest CEE II in charge of asset management. The acquisition of the industrial estate was commenced in June 2015. In the first stage, it involved an overall restructuring of legal and economic relations between the owner, the developer providing the construction and third parties. Only after all the legal and trade disputes had been settled was real estate itself purchased into the fund portfolio. Several law and consultancy firms and banks (e.g. Kocián Šolc Balaštík, Kinstellar, Contractis, Knight Frank, Raiffeisenbank and Havel & Partners) were involved due to the complexity of the whole process. Like in case of other real estate in the portfolio, the objective of the Arete Invest fund is to actively manage the purchased industrial estate and appreciate it further, for example by means of extending lease agreements, deepening relationships with the lessee or using lots that are still vacant for future construction. The new real estate in Vyškov has become a part of the the sub-fund of Arete Invest CEE II, which is currently open. The anticipated value of the administered assets of this sub-fund in the course of an expected five-year investment cycle is EUR 200 million. The sub-fund aims at the continuous appreciation of the invested investors´ funds in an amount up to 11 % per year; of which up to 6 % per year is monetary distribution paid out on a quarterly basis. The current return significantly exceeds these notified values. According to the results published most recently, the cumulated gross return of the sub-fund Arete Invest CEE II reached 40.5 % at the end of the third quarter of 2017. As of the same date (i.e. before further appreciation and now before the announced acquisition), the value of the managed real estate in the possession of the fund increased to EUR 54.8 million.
Czech Fund Arete Invest Enlarged Its Portfolio By An Industrial Park For 10 Mil Eur
In January Arete Invest completed its first acquisition this year. It is the purchase of an industrial area directly by the D1 motorway in Vyškov, which is completely leased to the supplier of plastic components, Rompa. The financial volume of the transaction was approximately EUR 10 million. https://www.investujeme.cz/tiskove-zpravy/cesky-fond-arete-invest-rozsiril-sve-portfolio-prumyslovy-areal-za-10-milionu-eur/ http://cijeurope.com/cz/encompassme-europe/29520/story/arete-invest-koupil-prumyslovy-areal-ve-vyskove
Arete Invest bought the halls in Vyškov. Because of the transaction, the company had to resolve the litigation of the previous owner first
Real Estate Fund Arete Invest has acquired a new addition to its portfolio – a fully leased industrial complex in Vyškov. Interesting on the transaction is not the size of the property or the price, which ranged around 10 million EUR (quarter billion crowns), but the circumstances of the sale. The Czech Fund picked up the Vyskov complex already in June 2015. Among other things, it is being leased to the manufacturer of design plastics – Rompa CZ. It has been growing well in recent years. But fund managers soon found out that the real estate is practically unsaleable… https://archiv.ihned.cz/c1-66041660-arete-invest-koupil-haly-ve-vyskove-vyresil-pritom-majetkove-spory-o-areal
C&A stays in Arete Park in Slovakia
Arete Invest, a fast-growing Czech real estate investment fund, has signed a new six-year lease agreement with the C&A clothing chain at the end of the last year. He has been operating his Europe-wide distribution center for the ninth year in the Slovak Arete Park Nové Mesto nad Váhom, which has been historically chosen for its strategic position. http://kancelarie.etrend.sk/novinky/c-a-zostava-v-arete-parku-na-slovensku
Savills became a partner of the Arete Invest fund for renting industrial premises in Lovosice
The Arete Invest Investment Fund has appointed Savills as its consultant in the lease of industrial and office space in the Lovosice Business Park project with effect from January 2018. The portfolio of the Arete Invest CEE II sub-fund currently includes 400,000 m² of land and 81,000 m² of leasable areas of industrial and logistics areas. http://cijeurope.com/cz/encompassme-europe/28903/story/savills-partnerem-fondu-arete-invest-pri-pronajmu-prumyslovych-ploch-v-lovosicich http://www.logisticnews.eu/logistic-news/savills-partnerem-fondu-arete-invest-pri-pronaj
The Czech Real Estate Fund Arete Invest has signed an important contract
Arete Invest, the Czech fast-growing real estate investment fund, extended the lease agreement with the C&A clothing chain in the industrial park in Nové Město nad Váhom. C&A will rent it for at least six years. C&A has been running its European distribution center in Nove Mesto nad Váhom for nine years there. The company Raben Logistics and Vetropak Nemšová are also located in the same industrial park. All the spaces in the park are occupied and, in addition, by extending the lease agreement with C&A, the average lease length has increased to 5.3 years, which is unusually long for a purely logistic location. Arete Invest plans to expand the complex by up to 49,000 square meters. https://archiv.ihned.cz/c1-66012510-news
The Europe-wide distribution center of the C&A chain will remain in Arete Park Nové Mesto at least for the next six years
At the end of the year, Arete Invest, a fast-growing Czech fund specialized in real estate investments, concluded a new lease agreement with the C&A chain for another six years. C&A has had its Europe-wide distribution center in the Slovak Arete Park Nové Mesto nad Váhom for nine years already. It had chosen this place due to its strategic location. “The conclusion of this transaction and the extension of the lease agreement confirm the strategic location of Arete Park Nové Mesto nad Váhom. We are pleased that we can support the growth of a company as important as C&A. A long-term extension of the lease has strengthened our strategic partnership – we believe that it is going to contribute to the further development of both companies,” says Tomáš Novotný, a member of the investment committee of the Arete Invest fund responsible for asset management. The Arete Invest fund bought the complex in Nové Mesto nad Váhom from Prologis last year. As concerns volume, this transaction was one of the biggest real estate transactions of the past year in the industrial sector in Slovakia. One hundred percent of the complex is rented to C&A, Raben Logistics and Vetropak Nemšová. Up until now, the average lease term was 4 years. However, with the extension of C&A’s lease agreement, it has increased to 5.3 years, which is a unique value for a purely logistic area. Also, the stability of the portfolio of the Arete Invest fund has further increased. The demand for storage and production premises in Slovakia is growing steadily. Apart from the increase in rental prices, this is also manifested in the very low vacancy rate of the premises available for rent, which is currently only 2.4 %. Furthermore, the demand in the Nové Mesto nad Váhom microregion exceeds the supply by more than double. During the summer, Arete Invest had therefore already begun the process of restructuring its complex Arete Park Nové Mesto nad Váhom, and it is planning to extend it. During the first phase, another 19,000 m2 of storage space should be brought to the market. In the second phase, they are planning the construction of new premises with a floor area up to 30,000 m2.
Arete Invest fund hits €58.4m
Arete Invest, a fund primarily focused on commercial real estate, released its results for the third quarter of 2017. The rapidly growing company, founded in 2014, has seen the value of property under its control grow to €58.4m. Arete Invest CEE II achieved a gross yield of 40.5 percent. Based on a 5-year plan, Arete expects its subfund to reach a value of €200m. With the subfund reaching more than a 100% y-o-y valorization in its first two years, investors already got paid out at the beginning of 2017. http://cijeurope.com/en/encompassme-europe/28463/story/arete-invest-fund-hits-58-4m
Investment highlights 2017
Check out the most important investment events in the past year. April 2017 … The industrial and logistics park Prologis Park Nové Mesto, situated close to Nové Mesto nad Váhom (Trenčín Region), changed hands. Its new owner is Arete Invest, a fund focused on investments in the field of real estate. https://spectator.sme.sk/c/20713534/investment-highlights-2017.html
