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Arete Invest returns 25.7%

Arete Invest, a rapidly growing real estate investment fund, has published its audited results for the past year. The total audited earnings after tax reached almost CZK 92 million (approximately EUR 3.47 million), the gross return of the currently open Sub-Fund Arete Invest CEE II was 25.7% in 2016. The audit was done by Deloitte auditors. http://www.systemylogistiky.sk/2017/05/26/arete-invest-s-vynosom-257/  

Arete Invest plans to invest additional EUR 60m

The Arete Invest fund, focusing on real estate investments, plans to invest additional ca. EUR 60m in the Czech Republic and Slovakia later in 2017. Total owned assets will thus grow to ca. EUR 120m. Arete Invest reported audited after-tax profit of EUR 92m for 2016. http://praguemonitor.com/2017/05/26/arete-invest-plans-invest-additional-eur-60m

Arete Invest reports CZK 92m profit in 2016

Arete Invest reported a CZK 92m profit and a 25.7-percent gross yield for its opened subfund Arete Invest CEE II in 2016. Deloitte audited the results. The fund was established in 2014 and its chairman, Lubor Svoboda, says it moved its focus to Slovakia, which offers higher yields than the booming Czech economy.  http://cijeurope.com/en/encompassme-europe/25526/story/arete-invest-reports-czk-92m-profit-in-2016

The audited results of Arete Invest for 2016 confirmed a revenue of 25.7 %.

Arete Invest, a fast-growing fund focused on investment in real estate, published its audited results for last year. The total audited profit after tax reached almost CZK 92 million, and the gross revenue of the currently open sub-fund of Arete Invest, CEE II, amounted to as much as 25.7 % for 2016. The results were audited by auditors from Deloitte.  “We established the fund as late as 2014, and we can already be proud of the successes we have achieved since then. We have confirmed that the Czech market offers an interesting investment potential, and we believe that we can make the most of it. Our investors expect above-standard revenues, and we have therefore also entered the Slovak market in light of the growing economy and increasing prices of real estate in the Czech Republic; the Slovak market offers interesting investment opportunities while maintaining the risk profile within our acquisition strategy,” says Lubor Svoboda, co-founder and Chairman of the Management Board of Arete Invest. The year 2016 was a turning point for the fund. During that year, the investment story of the first sub-fund of Arete Invest, CEE, ended by selling off the entire residential portfolio consisting of several hundred housing units to a foreign financial investor. In February 2016, the second sub-fund of Arete Invest, CEE II, was established. This sub-fund is gradually creating a homogeneous portfolio of high-standard revenue-bearing industrial real estate. “The economic situation in Central Europe favors the development of logistics and production. That is why the investment strategy of our second sub-fund is oriented that way. The situation is manifested in record-breaking profits of multinational companies and the highest turnovers of automotive plants in history,” explains Robert Ides, co-founder and member of the Management Board of Arete Invest. The expected value of the assets managed by CEE II over the anticipated five-year investment cycle is 200 million euros. The sub-fund aims at the continuous improvement of the investors’ funds in the amount of 11-16 % per year, of which up to 6 % per year are regular dividends paid on a quarterly basis. As can be seen in the audited results for 2016, the current revenue rate far exceeds the 16 % announced. In 2016, we acquired five logistics and production complexes in the Czech Republic. The properties in Uherské Hradiště, Lovosice and Písek combine logistics, production and offices. Their occupancy rate is 100 %, and they include leasable space with a total area of 35 thousand m² and space for further development comprising a total area of 29 thousand m². In 2017, two more extensive complexes, this time in Slovakia, were added to the CEE II sub-fund as part of the planned expansion. Thanks to them, the total leasable area of the entire sub-fund portfolio was increased to approximately 80 thousand m² while maintaining a 100 % occupancy rate. At the beginning of the year, a production hall in the vicinity of the KIA automotive plant in Žilina was acquired. In April, we announced the purchase the industrial and logistics complex Prologis Park Nové Mesto, which constitutes one of the largest real estate transactions made in the Slovak industrial sector this year in terms of the financial volume. By the end of this year, the fund is planning to invest another 60 million euros in the Czech and Slovak markets and thereby shift the volume of the assets owned to the threshold of approximately 120 million euros.    

Gross income of Arete Invest reached 25.7%

Arete Invest announced that it achieved a profit of 92 million CZK and a gross return of 25.7 percent last year in the currently open sub-fund Arete Invest CEE II. The results were audited by Deloitte. The fund came into being in 2014, and Lubor Svoboda, chairman of the board, said it was focusing on Slovakia, which offers higher returns than the growing Czech economy with steeply rising prices.  http://cijeurope.com/cz/encompassme-europe/25528/story/hruby-vynos-arete-invest-dosahl-loni-25-7

The Czech investment fund Arete Invest has bought Prologis Park in Nové Mesto nad Váhom

Czech investment fund Arete Invest bought Prologis Park Nové Mesto nad Váhom. Arete Invest, a rapidly growing fund focused on real estate investment, has closed another major transaction on the Slovak market these days. This is the purchase of industrial and logistics complex Prologis Park Nové Mesto. https://www.buildingnews.cz/investicni-trh/cesky-investicni-fond-arete-invest-koupil-prologis-park-nove-mesto-nad-vahom.html        

New halls and warehouses grow like from water

The approaching rise of the fourth Slovak automaker and the expanding segment of the internet trade “lend themselves” to the industrial and logistics real estate market. According to the real estate consultancy JLL Slovakia, this segment is characterized by strong demand, a low vacancy rate of close to four percent, and a healthy pool of projects under construction. https://www.etrend.sk/trend-archiv/rok-2017/cislo-16/nove-haly-a-sklady-rastu-ako-z-vody.html        

Arete Invest buys Prologis Park Nové Mesto

Arete Invest has closed its second acquisition in Slovakia, with the purchase of Prologis Park Nové Mesto, 100 km northeast of Bratislava. The price of the transaction was not disclosed. The deal comes shortly after the Czech property investment fund finalized its acquisition of a Grupo Antolin production plant in Žilina a few weeks ago. http://cijusa.com/en/encompassme-usa/24739/story/arete-invest-buys-prologis-park-nove-mesto        

Arete Invest acquires Prologis Park Nové Mesto nad Váhom

Arete Invest fund has acquired the Prologis Park Nové Mesto nad Váhom industrial and logistic facility. The distribution centre consists of two facilities with the total area of 39,600 m2 and 16 ha of lots for future development. The transaction’s value has not been disclosed. The facility is currently fully leased to C&A, Raben Logistics and Vetropack Nemšová. http://praguemonitor.com/2017/04/11/arete-invest-acquires-prologis-park-nov%C3%A9-mesto-nad-v%C3%A1hom        

Documents to download

Martin Pacovsky

Is the Chief Investment Officer at ARETE for our energy transition strategy, with extensive experience in managing and developing energy assets, focused on advancing carbon-neutral strategies. With a strong track record in strategic planning and international market expansion, Martin has successfully led organizations through complex M&A processes, including guiding Pražská Plynárenská a.s. through the 2022 energy crisis as Chairman of the Board. His expertise encompasses risk management and stakeholder engagement.

Previously, Martin held senior roles at ČEZ Group, where he contributed significantly to renewable energy projects and international growth, such as overseeing the construction of Romania's largest onshore wind farm.

Martin holds an MSc from the University of Economics in Prague and an MBA from the Rochester Institute of Technology.

 

Martin Konecny

Serves as the company’s CFO, bringing a robust background in finance and economics, with extensive international experience. At ARETE, Martin is responsible for reporting and controlling on corporate and fund level for all entities in the Czech Republic, Poland and Slovakia.

Martin has over 30 years of experience, and a proven track record in corporate finance, operations, M&A, and portfolio management. Before joining ARETE, Martin served as a Group Head of Risks and Operations at P3 Logistics Parks, a logistics real estate investment manager with more than 3 billion AuM. His career includes 4 years as Country CFO at Citi Czech Republic and 15 years at KPMG, overseeing audits and compliance investigations.

Martin holds a Master’s degree in Economics, Finance and Trade from the Prague University of Economics and Business as well as an Executive MBA from the University of Bristol.

Robert Ides

Robert Ides, Co-Founder, is the Managing Partner of Arete Group. He was part of the founding team in 2014 and has over 25 years of advisory experience. He oversees company strategy, both real estate and energy infrastructure asset classes. Under his leadership, the company has successfully divested two real estate funds, delivering outstanding returns to its clients. Prior to founding the company, Robert held several leadership positions focusing on complex international mergers, acquisitions, and strategic projects. Among others, he served in executive roles at AIG and Zurich Insurance Group.

Robert is an experienced M&A professional and studied in Prague.

 

Miroslav Barnas

is the Chief Investment Officer at ARETE for our real estate strategy. He set up the investment management team and oversees deal sourcing, investment management and execution for the ARETE INDUSTRIAL FUND.

With over 20 years of professional track record in commercial and residential real estate, Miroslav is a seasoned executive with experience in advising corporate clients and private individuals on investment, valuation, leasing, negotiations, construction, and facility management of commercial properties in the Czech Republic and Slovakia. Miroslav has led major transactions exceeding €1 billion. His leadership roles include CEO and Head of Capital Markets at Jones Lang LaSalle.

Miroslav is an MRICS professional and holds a Master’s degree from the University of Economics in Bratislava.

Alica Koblovska

Serves as the Chief Legal Officer at ARETE, bringing over a decade of extensive legal expertise in corporate finance, M&A, and compliance. She oversees the entire legal agenda of ARETE and acts as a key strategic advisor, overseeing compliance for our complex fund structures.

Alica has held significant legal roles, including the position of General Counsel at Bakala Capital, where she managed legal affairs for Zdenek Bakala, a leading family office. Before this, she worked as a layer with Kocian Solc Balastik in Prague.

Alica holds a Master’s degree in Law from Masaryk University in Brno with international exposure at Paul Cezanne University.

Jiri Krol

A supervisory board member, with over 20 years of experience in managing international financial institutions.

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    Lubor Svoboda

    Lubor has 25 years of experience leading real estate and private equity companies as a CEO, managing successful business transactions and legal restructurings in financial and highly regulated environments. Over the past ten years, Lubor has focused on fund management and strategic planning. He holds a Master’s degree in Law from Masaryk University in Brno and an MBA from the Prague International Business School.

     

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