ARTICLES LABELLED WITH TAG Arete

A new unit in Arete Park Rokycany 1 has been completed and handed over to the tenant, Safran Cabin CZ, a manufacturer of cabin interiors. The unit is part of the park's second building, which is expected to have a total leasable area of more than 15,000 sqm.

Czech-based investment and real estate group Arete has announced the acquisition of a major logistics park in western Poland. The seller was a joint venture of Panattoni Europe and Kajima Properties. The price has not been disclosed. With this move, Arete expands its operations beyond the Czech Republic and Slovakia, entering the Polish market. This acquisition strengthens the portfolio of the Arete Industrial fund, increasing its total leasable area by 25% and raising the value of assets under management to over €300 million.

The last unit of Arete Park Valašské Meziříčí has been finished and handed over to DB Schenker, completing the other two units in this park used by the same tenant.

The extension of ARETE Park Plzeň Borská pole for Czech logistics and technology company Zásilkovna has been completed and handed over to the tenant for use.

The expansion of Arete Park Dunajská Streda has received a building permit. It will offer an additional 13,000 sqm of modern space for storage, logistics or light manufacturing, within driving distance of Bratislava, Budapest and Vienna.

The investment and real estate group ARETE has announced that Jiří Król, an expert in alternative investments and manager with more than 20 years of experience in international leadership positions in investment institutions is joining the Supervisory Board of its investment fund, ARETE INDUSTRIAL SICAV, as of 1st February 2024.

German logistics company Thomas Duvenbeck Immobilien took over the logistics complex ARETE Park Rokycany II near Pilsen in the Czech Republic for use in December 2023. It will become the company's largest consolidation centre in Europe.

Arete Group has signed a loan agreement for more than €100 million with the consortium of Czech and Slovak banks – one of the largest banking groups in the Czech Republic and Slovakia - Česká spořitelna and Slovenská sporiteĺňa.  

The third fund of the Arete Group has completed the acquisition of a production site in Beluša, Slovakia, which is leased by Booster Precision Components. The value of the transaction exceeded €10 million, the company announced on its website.

Cushman & Wakefield’s sales team managed the sale of approximately 45,000 sqm of land in the area of Borská pole in Plzeň for its client, Precision Castparts Corp. The purchaser, Arete, is aiming to redevelop the area.