The Arete investment and real estate group signed a loan agreement with Raiffeisenbank for up to €80 million. The funds will be used to refinance the existing real estate portfolio of the second ARETE fund (ARETE INVEST Sub-Fund CEE II) and to invest in new industrial assets.
"The provided financing brings our fund high stability and the security of sufficient capital security. However, it also enables the new growth potential of the portfolio, because the loan will be drawn flexibly according to actual needs. We can thus take good advantage of new opportunities that appear on the market. At the same time, we want to maintain a safe ratio of bank loans to the value of assets. Especially at present, we clearly consider our lower debt strategy to be our competitive advantage,” comments Robert Ides, Co-Founder of Arete Group.
Law firm Kocián Šolc Balaštík provided legal advice for Arete, while Clifford Chance advised Raiffeisenbank.
