ARETE Group has signed a loan agreement for more than one hundred million euros with a consortium of banks Česká spořitelna and Slovenská sporiteľňa
The investment and real estate group ARETE, the umbrella fund of ARETE INDUSTRIAL SICAV, a.s., has recently signed contractual documentation with a consortium of banks Česká spořitelna and Slovenská sporiteľňa for the bank financing of the fund’s portfolio in excess of 100 million euros. This amounts to 2.5 billion crowns. ” For us at ARETE, this is a significant milestone and the beginning of the next phase of building and developing of our fund’s third portfolio. This will allow us to more quickly meet the objectives set out in the investment strategy of the ARETE INDUSTRIAL Fund. The resources from the bank financing will be used for the construction of new industrial parks by our development team and planned acquisitions of income properties. Together with a series of acquisitions and developments successfully implemented in 2021 and 2022, our goal is to build a portfolio of assets under management with a total value of more than 300 million euros by the end of 2023. We would like to thank Česká spořitelna and Slovenská sporiteľna for their professional and correct behavior which enabled us to conclude this agreement. The trust of one of the largest banking groups in the Czech Republic and Slovakia is a great pleasure and a confirmation of our long-standing quality work,” said Lubor Svoboda, co-founder of ARETE Group. “Česká spořitelna has been a long-term supporter of investments in property development and infrastructure expansion in the Czech Republic. We are pleased that in cooperation with our sister company, Slovak sporiteľna from the Erste Group, we could support the activities of the ARETE Group in this area,” says the representative of Česká spořitelna, Martina Jůzová.
Industrial Real Estate Resists The Crisis
“Investing in industrial parks is also an opportunity for retail investors. When you invest in our fund, your money stays in the Czech and Slovak economy. You are not supporting other economies or foreign companies. And regional development cannot happen without the necessary capital,” explains Dr Josef Vojta in the Ekonomika+ programme on Televízia TA3. If you are a qualified investor looking for an interesting opportunity for the appreciation of your funds, our ARETE INDUSTRIAL fund is still open for new investors.
Zásilkovna Is A New Tenant Of The Industrial Park Arete Park Plzen, Borska Pole
Third fund of the ARETE Group has acquired a new tenant of the industrial park ARETE PARK Plzeň, Borská pole. The new tenant is the company Zásilkovna. Within its business activity in the area, Zásilkovna could process up to ninety thousand shipments per day. The newly opened distribution center will serve for logistic service of the whole Pilsen region. The Group has signed a long-term contract with Zásilkovna, the company that has decided to build a distribution center within the industrial park to provide services for the entire Pilsen region. Zásilkovna is part of the Packeta holding and handles on average more than 300,000 shipments per day for customers in the Czech Republic. The planned area of the object that will be used by the Zásilkovna is over 4,000 square meters with the possibility to expand. ARETE PARK Plzeň, Borská pole is also the project revitalizing the old meat processing facility, combining both its reconstruction and new development. „We are delighted that Zásilkovna has chosen to cooperate with us in ARETE PARK Plzeň, Borská pole. The project is an industrial park with a unique central location in the Pilsen region. Thanks to the high expertise of our entire development team, we managed to start the project within a very short time frame. By leasing the area to such a strong tenant as Zásilkovna, we are able to meet the strategic objectives of the ARETE Group funds, especially with regard to long-term sustainability of investments and ESG strategy. We are very pleased to have secured a strong tenant in a project that meets all of our investment and economic parameters,” said Lubor Svoboda, co-founder of ARETE Group. „As a tenant, we are positively perceiving the setting of the entire ARETE PARK Plzeň project in the Borská pole industrial zone. It is also important that the park is well connected to the D5 highway. On behalf of Zásilkovna, we would like to thank the ARETE Group for the high expertise of the entire team and the vision with which it wants to further develop the property and the location. The project will help, among other things, the growth of the economy of the Pilsen region,” said Zdeněk Prchlík, managing director of Zásilkovna, about the signing of the lease agreement.
Real estate funds will struggle, for us it’s an opportunity to buy
Lubor Svoboda, one of our founders, in an interview for Týdeník Ekonom described the challenges that real estate funds are currently facing. Among other topics, he also outlined ARETE’s plans for the future. You can read the full interview below: https://ekonom.cz/c1-67147030-nemovitostni-fondy-budou-mit-potize-pro-nas-je-to-prilezitost-k-nakupum
ARETE Industrical Sicav is the Best Real Estate Property Fund in the Czech Republic
ARETE INDUSTRICAL SICAV is the Best Real Estate Property Fund in the Czech Republic! ???? During Thursday’s gala evening in Prague, we received the Best Real Estate Property Fund award at the prestigious CIJ Awards! We are very happy to have been recognized at the 21st CIJ Awards Czech Republic. After the success of the CIJ Awards in Slovakia, this is another very encouraging news. We have always been and will always be a group focused on the Central European region, which is a matter of the heart for all of us. Both parts of our team, the one in the Czech Republic and the one in Slovakia, have been doing a great job for a long time and the award at the CIJ Awards is proof of this for us. At the same time, we are the only real estate fund in the Czech Republic and Slovakia where we have already closed two funds in closed-end investment cycles, and with the third fund, we are still managing to be not only the strongest performing product of this type on the market. We will continue to work hard in the years to come also thanks to these awards. Whether it be acquisitions, portfolio management, or looking after our investors, without whose contribution we could not exist. Furthermore, we will continue to work to develop the national economies in our operating countries and, with the help of logistics and investment in industrial real estate, to provide skilled labor to regions where there is a shortage today. In addition, we will focus even more on developing activities based on the ESG principles that enable us to manage our portfolio efficiently and sustainably. The jury also praised our investment strategy, which is the backbone of the entire ARETE Group. The expertise of the team, the preference for closed investment cycles, the active approach to the management of the portfolio, the in-house development activities, and other aspects are just a few pieces of the mosaic that makes up ARETE. However, these are the qualities that allow us to beat inflation and bring a fund with exceptional performance to the market in a very challenging time. We can promise to do our utmost to replicate these successes in the future. With the support of our investors, partners, suppliers, and advisers, we can do it. We are grateful for the excellent organization of the evening by CIJ EUROPE. We greatly appreciate the award and look forward to the next year.
how to invest like billionaires?
Our colleague Dr. Josef Vojta was a guest of Televízia TA3 in the program Investujeme (Investing). He has discussed with Lenka Buchláková the topic of how to invest like billionaires. ???? Did you know that 90 % of billionaires got wealthy by owning real estate? ???? Unfortunately, traditional portfolios consisting of stocks and bonds can hardly help you beat inflation and provide an interesting passive income. ???? That’s where real estate and real estate funds come in. For qualified investors, ARETE real estate funds. If you are interested in the topic, you can find here:
We Have Started The Construction Of A Modern Industrial Park In The Vicinity Of Trenčín, Slovakia
ARETE Group’s third fund focused on attractive and stable industrial and logistics assets in the CEE region has started construction of a modern industrial park near the city of Trenčín, Slovakia. The total value of the transaction is 7.5 million EUR (equivalent to more than 180 million CZK). The tenant of the planned complex will be the company Linde Material Handling group. The firm specializes in the sale, service and rental of handling equipment, storage racking solutions and warehouse automation. It has been operating in Slovakia since 1993. The planned facility will be in close distance to Trenčín, which is one of the major traffic hubs in the region. The total planned area of the development is more than fifteen thousand square meters. At the same time, the complex has room for further expansion on an area of several thousand square meters. “Overall, this is our fifth acquisition within the ARETE INDUSTRIAL fund in Slovakia. Trenčín is one of the economic centres of Slovakia and thanks to its location it has the potential to play an even more significant role within the country. We are delighted to be strengthening our position in the Slovak market, which has long been a very attractive destination for us in the context of the Central European region,” explained Robert Ides, the second co-founder of ARETE Group, about the transaction. “An important stabilizing element of the entire project is the signed long-term lease agreement with a creditworthy tenant that has been operating on the Slovak market for several decades. At the same time, the planned facility will meet all parameters according to the ESG principles,” Ides added about the transaction. “From the perspective of a tenant, we genuienly appreciate that the developer and owner of the industrial park is a fund from the ARETE group. We are impressed by the high expertise of the ARETE team and the vision with which it wants to manage the property and further develop the site. Our business interests in Slovakia are long-term and the background is extremely important for us given the continuously expanding market potential,” said Linde Material Handling group on the start of the development.
We have completed the acquisition of a logistics park in Slovakia
We have completed the acquisition of a logistics park near Dunajská Streda in Slovakia from GENA LOGISTIK. Transport and logistics company BSK Transports, part of the international Bracchi Group remains in the park as the tenant. The total value of the transaction was EUR 20 million (approximately half a billion Czech crowns). The facility of almost thirty thousand square metres is located near Dunajská Streda. BSK Transports from the Italian group Bracchi, which has been operating in Slovakia for a long time, remains as a tenant at the site. “This is our fourth acquisition in Slovakia within the ARETE INDUSTRIAL fund. The purchased site near Dunajská Streda fits exactly into the already managed Slovak industrial parks in Beluša, Vráble and Kežmarok. Today we manage a total of eight sites. Seven of them are completed and already leased and the eighth complex in Rokycany is under intensive construction,” Lubor Svoboda, co-founder of ARETE Group, summarizes the fund’s portfolio status after the acquisition. “We are very pleased to continue to cooperate with the tenant operating in the area. The logistics company BSK Transports has been operating in Slovakia for more than ten years. Highly credible tenant adds stability to the whole investment. Good connection to the highway network and the immediate proximity to the industrial center of Dunajská Streda highlights attractiveness of our investment. At the same time, the site includes a large development plot, which opens the possibility of further construction,” says Robert Ides, the second co-founder of the ARETE Group, about the future of the site.
We have been nominated for the CIJ Awards
We were very pleased to hear that we are nominated in the Best Asset Management Company category for the Czech Republic at the CIJ Awards. CIJ AWARDS is a competition that has been recognizing the best commercial property owners for more than two decades. “The ARETE Group has developed and implemented a unique approach to managing real estate investments that multiplies the positive effects resulting from value-adding activities at each stage of the investment cycle – not only in terms of acquisitions and sourcing, active management during the holding period but also in the implementation of the exit strategy and final settlement.” We are very delighted with this acknowledgment! The nomination is the result of the hard work of the entire team and a forward-looking and clearly defined investment strategy that has already put many a smile on the faces of our satisfied investors.
The future of alternative investments belongs to industrial parks
Alternative investments are an increasingly attractive topic for qualified investors. But what is worth investing the saved funds in? Wine? Antiques? Cryptocurrencies? All have their own drawbacks. But what about industrial parks? Dr. Josef Vojta wrote about their importance as an attractive alternative investment in the Slovak magazine TREND.sk.
