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.
CEDEM conference 2022
Our colleague, ARETE co-founder Robert Ides was one of the main panellists of the 23rd CEDEM conference, which set itself the goal of evaluating current market opportunities and threats in the real estate market. The discussion focused on the topics of interest rates, inflation, energy prices, the pandemic and the conflict in Ukraine in the context of the future development of the real estate segment in the CEE region.
Industrial real estate is still considered one of the best investments. Lubor Svoboda in the program Biznis on Televízia TA3
Industrial real estate is still considered one of the best investments. Why do experts talk about them as the most stable investments and how does today’s uncertain times and inflation affect this business? You will learn not only just mentioned but also many other interesting information in the profile interview of Lubor Svoboda with Katrin Lengyelová in the program Biznis on Televízia TA3.
We Support Social Projects
ARETE Group and DB Schenker are not only cooperating on a business level, but also jointly supporting social projects in their local area. In a current project, in cooperation with Tomas Slavata, we have succeeded in making the life of children from the children’s Home in the UA Vinnycja more pleasant. Due to the war, the children have a temporary home in Liberec, and together we organised their transportation to a sports weekend in Nova Ves near Bečov nad Teplou. We hope that they forgot the worries of everyday life for a while and enjoyed a pleasant weekend.
Production shifts from the East and new logistics routes will help real estate investment in Central Europe, says Svoboda of Arete
We still see opportunities for quality investments in industrial parks on the Czech and Slovak markets. And what, for example, is our view on inflation and energy price growth? You can read more about that in an interview with our colleague Lubor Svoboda, co-founder of the ARETE Group, for Hospodářské noviny https://lnkd.in/efqNU-tc
The ARETE Industrial Sicav Fund Is Once Again The Most Profitable Real Estate Fund In The Czech Republic
Our third fund once again delivers our investors the highest annual return, the 12-month appreciation as of 31st March 2022 reached 34.5%. In combination with one of the lowest loan-to-value ratios (LTV) at 10.8% and weighted average unexpired lease term (WAULT) at 8.20 years, it clearly ranks among the most stable funds of qualified investors in the Czech Republic. An overview of independent evaluation provided by Hospodářské noviny is available on the website: https://top-realitni-fondy.hn.cz/
Reportage on ARETE industrial parks
Our new development projects compensate for the lack of quality industrial real estate. The relocation of multinational companies to the Czech Republic and the Slovak Republic generates a new demand for production and storage facilities. ARETE Park in Valašské Meziříčí, which will be completed in 4 weeks and will take a total of 11 months to build, will be DB Schenker’s main distribution center for JACOBS DOUWE EGBERTS. The whole reportage on the Slovak Television TA3 with our colleague Tomas Novotny.
