Czech investment group Arete has secured €30 million financing from PKO Bank Polski for its Arete Park Rzeszów project, a modern logistics and distribution complex. The Class A logistics park offers nearly 90,000 sqm of gross leasable area.
"This financing is an important step in strengthening Arete's presence in Poland and deepening our cooperation with PKO Bank Polski," said Miroslav Barnas, CIO of Arete. "Poland is a key market in our logistics strategy, and Arete Park Rzeszów perfectly illustrates our investment approach, focused on high-quality assets leased to tenants with established and credible market positions."
The property, recently acquired by Arete, is fully leased under long-term agreements with LPP Logistics as the main tenant, one of the largest clothing companies in Central and Eastern Europe. The park plays a key role in LPP's developing European distribution network, supporting Arete's strategy of building a stable portfolio of assets generating predictable revenues.
The new €30 million financing line develops the existing cooperation between Arete and PKO BP, which began with financing for the Arete Park Zgorzelec project. "The structure and terms of the financing support our conservative approach to debt and allow us to optimise the capital structure of Arete Park Rzeszów," added Martin Konecny, CFO of Arete Group.
"Financing the Arete Park Rzeszów project fits perfectly with our strategy of supporting high-quality assets and cooperating with investors with documented experience and clear vision, such as Arete," said Agata Gola, Head of Property Finance at PKO Bank Polski.
