Arete has announced the acquisition of a major logistics park in western Poland. The transaction was executed in a very short time, within just 2 months. In this move, which is in line with the group's strategy of investing in high-quality logistics assets in strategic locations in Europe, Arete is expanding into the Polish market. The park will be part of the Arete Industrial real estate fund portfolio.

The park is located in the city of Zgorzelec and represents a Class A logistics facility with a BREEAM Excellent certification, offering a total leasable area of approximately 65,000 sqm. The park is fully leased on a long-term basis to tenants, including a European manufacturer of disinfectants and hygiene products and a leading logistics operator running a distribution centre.

With the acquisition of this park, the total leasable area of the Arete Industrial fund will increase by 25%, and the value of assets under management will exceed €300 million. Geographically, the leasable area of the fund is now distributed as follows: 48% in the Czech Republic, 27% in Slovakia, and 25% in Poland.

"This acquisition represents another key step in our expansion strategy across Central and Western Europe," said Lubor Svoboda, co-founder of Arete Group. "The park offers significant growth potential, providing attractive returns for our investors."

Jan Trybulski, Investment Director and Head of Poland, said: “The Zgorzelec scheme is an example of a high-end, sustainable warehouse developed in a strategic location in Poland. The sale of this scheme demonstrates liquidity in the Polish market and shows demand for high-quality logistics is  strong despite a more challenging economic environment.”

Arete was established in 2014 and successfully closed and paid out above-average returns on two investment real estate products. In 2020, it opened its third investment product, the Arete Industrial Fund, which focuses on investments in high-quality industrial real estate and their construction.