ARTICLES LABELLED WITH TAG Arete

News Arete buys 45,000 sqm land in Plzeň for redevelopment
26
Oct
2021

Arete buys 45,000 sqm land in Plzeň for redevelopment

by Property Forum
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.
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News Arete acquires production and storage complex near Prague
13
Aug
2021

Arete acquires production and storage complex near Prague

by Property Forum
Czech investor Arete Group’s third fund, focused on quality industrial and logistics assets in the CEE region, completed the acquisition of a production and storage facility near Beroun, 20 km from Prague. This is the acquisition of a complex used for the production and storage of the Czech company Hronovský s.r.o., which was founded in 1990 and is one of the leaders in the field of cable assembly production, machining on CNC machines, pressing of plastic components and assembly of mechatronic components. The financial volume of the transaction exceeded almost €10 million.
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News Arete secures €30 million financing from Raiffeisenbank
14
Jul
2021

Arete secures €30 million financing from Raiffeisenbank

by Property Forum
The Arete Investment and Real Estate Group signed an agreement with Raiffeisenbank to draw a €30 million umbrella credit line. The funds will be used to accelerate the growth of the Arete Industrial SICAV fund's portfolio through prepared acquisitions and new construction of industrial real estate while maintaining a safe and conservative LTV ratio.
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News Arete closes sale of CEE II portfolio to Cromwell
12
Mar
2021

Arete closes sale of CEE II portfolio to Cromwell

by Property Forum
The Arete Group of investment funds completed the entire transaction and transferred ownership of the complete portfolio of the Arete Invest CEE II subfund in the amount of €113.2 million (CZK 3 billion) to Cromwell European REIT (CEREIT) a publicly-traded real estate investment trust listed on the Singapore Stock Exchange.
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News Arete acquires industrial asset in Slovakia
07
Jan
2021

Arete acquires industrial asset in Slovakia

by Property Forum
The third fund of Czech investor Arete Group has acquired a modern, highly specialized production facility with a research and development centre and with the potential for further development in Kežmarok, Slovakia. The value of the investment exceeded €10 million.
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News Cromwell to acquire €113.2 million logistics portfolio in CEE
11
Dec
2020

Cromwell to acquire €113.2 million logistics portfolio in CEE

by Property Forum
Cromwell EREIT Management Pte. Ltd., the manager of Cromwell European Real Estate Investment Trust announced that it will be acquiring a portfolio comprising 11 logistics and light industrial properties in the Czech Republic and Slovakia for an aggregate purchase price of €113.2 million, on a net operating income yield of 6.7%. The seller is Arete Invest, acting on behalf of its sub-fund Arete Invest Podfond CEE II
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News Arete secures €80 million refinancing from Raiffeisenbank
04
Jun
2020

Arete secures €80 million refinancing from Raiffeisenbank

by Property Forum
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.
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News Arete launches €500 million CEE logistics fund
11
Mar
2020

Arete launches €500 million CEE logistics fund

by Property Forum
The Arete investment and real estate group announced the opening of its third qualified investor fund, based in the Czech Republic and operating under the supervision of the Czech National Bank. This third fund is to follow on from the successful history of the preceding funds, with the first fund having been closed three years ago and investors paid off with a total gross appreciation of 120%, while the second fund has fulfilled its strategy with its current gross appreciation of over 90%. The new Arete fund will both invest into completed industrial real estate in Central and Eastern Europe and also itself construct new logistics and manufacturing buildings. Its portfolio target value should approach €500 million during the anticipated six-year investment cycle.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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