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
Quarterly results of the real estate fund Arete Invest: return since the establishment has exceeded the limit of 40 %
Arete Invest, a fast-growing fund focused on investments in the field of real estate, has published its results for the third quarter of this year. The value of the administered real estate owned by the fund increased to EUR 54.8 mil. The cumulated gross return of the currently opened sub-fund Arete Invest CEE II reached 40.5 % at the end of the quarter. “The results reflect the potential of the Czech and Slovak investment environment in the field of real estate and exceed the market results. We continue to keep our promise to the investors. And as has been the tradition, we pay out a part of the returns to them, on a quarterly basis,” says Lubor Svoboda, co-founder and Chairman of the Arete Invest managing board. “We are working on other acquisitions, and we are also planning new construction projects which will increase the value of our portfolio in some of our premises in the Czech and Slovak Republics,. We are planning to invest tens of millions of euros in the following months.” The expected value of the administered assets of Arete Invest CEE II during the assumed five-year investment cycle is EUR 200 mill. The sub-fund aims at the continuous appreciation of the invested investors´ assets in the amount of up 11 % annually, whereby up to 6 % annually is made up of monetary distributions paid out on a quarterly basis. The current return significantly exceeds these advised values. The restructuring of the industrial and logistic premises ARETE PARK NOVÉ MESTO in the Slovak Republic, which was planned for a long time, was initiated in the third quarter. Furthermore, as one of the first funds in the Czech Republic, Arete Invest closed its first sub-fund CEE at the end of the third quarter by officially deleting it from the CNB register. The sub-fund reached the appreciation over 100 % p.a. during the two years of active management, and its investors were paid out already at the beginning of the year.
Arete Invest will invest EUR 30 million in Slovakia
Arete Invest, a Czech rapid-growth fund focussed on real estate investment, plans to invest about EUR 30 million in Slovakia in 2018. It is considering new developments in industrial zones which it already owns, as well as potential new acquisitions. Arete Invest sees immense potential in the Slovak market. Arete Invest will invest EUR 30 million on the Slovak market, and the amount may yet change. “The Slovak market is advantageous for us for several reasons: stable economy, openness, European Union, standard legal process, and a similar mentality,” says Lubor Svoboda, co-founder and member of the administrative board of the Arete Invest fund. According to Mr Svoboda, studies have shown that there is less competition and most certainly higher pressure on demand for industrial properties in Slovakia than in the Czech Republic. Arete Invest is considering investing into two areas. Firstly, new construction at the compounds which it already owns, which would also lead to the creation of new job positions. Arete has also pinpointed certain investment opportunities and is in negotiation with parties on the purchase of new acquisition opportunities, which are already standing and generating revenue. “It will most likely be a matter of new acquisition, which we are currently negotiation,” discloses Mr Svoboda. “We are creating new production capacities, new job positions. We can also offer interesting investment opportunities for Slovak investors, who are seeking above-standard returns of up to 11% with ongoing investment pay-out, for investors who are looking to distribute risk into real estate not only in Slovakia, but also within the Czech Republic,” adds Mr Svoboda. At present, Arete owns two class A facilities in Slovakia: an industrial compound very close to the Kia automobile factory near Žilina, which is completely leased to the automobile component supplier Grupo Antolin; and the second industrial and logistics compound Arete Park Nové Mesto, which is located near Nové Mesto nad Váhom and which includes other lots designated for building development. The National Bank of Slovakia also assesses the development of commercial property as positive. “Industry and the commercial real estate sector have seen a rapid growth of loans, with their year-on-year dynamic attaching 15% in the first quarter of 2017. This development further increases the importance of these sectors, in particular the sector of commercial property,” states the central bank in its Financial Stability Report. Demand for office space and logistics centres is supported by the good performance of the corporate sector. “Based on rising trends in the commercial real estate sector, the growth of prices for commercial properties has continued, impacting the decline in profit from investments into this sector. However, investments into commercial real estate still offer interesting revenues and are an attractive opportunity for investors. The volume of investments in 2016 far exceeded the historical maximum from the pre-crisis period, and based on current trends, continued investment activity may be expected in the forthcoming period,” forecasts the National Bank of Slovakia.
The Czech Fund Arete Invest wants to invest 30 million euros in Slovakia
The Fund wants to invest, for example, in the new constructions in own areals. BRATISLAVA. Czech Investment Real Estate Fund Arete Invest plans to invest approximately EUR 30 million in Slovakia in 2018. The Fund is considering investing in two areas: to invest in new construction in the areals he already owns and at the same time the Fund has selected some investment opportunities and started negotiations on new acquisition opportunities that already bring return. https://ekonomika.sme.sk/c/20686558/cesky-fond-arete-invest-chce-investovat-na-slovensku-30-milionov-eur.html https://spravy.pravda.sk/ekonomika/clanok/446839-cesky-realitny-fond-chce-investovat-na-slovensku-30-milionov-eur/
Halls will not finish yet
J. Volner estimates that in the next two years there could be at least 350,000 m2 of industrial space in Slovakia. “This will be determined by a number of factors such as labor availability, e-commerce queries in tens of thousands of square meters or the state of the automotive market,” says M. Varačka. High increase should also support appetite for investor funds. For example, the Czech investment fund Arete Invest has described industrial property as the most profitable segment. According to the co-founder and a member of an administrative Board Robert Ides, the annual return for residential property ranges from four to 5.5 percent, and logistics and production – six to 7.5 percent. That is why the group advised large purchases in Slovakia. https://www.etrend.sk/trend-archiv/rok-2017/cislo-44/osial-v-halach-zatial-koniec-nevidi.html
