Arete Group sells logistics complex Park Rokycany II, heads abroad for shopping

The Arete investment group has completed the sale of its logistics complex Arete Park Rokycany II to the Reico Long Lease fund managed by Reico investment company Erste Asset Management. The divestment is part of the fund's strategy to achieve maximum return on the assets under management of the Arete Industrial fund. The fund will use the proceeds from the transaction for new acquisitions and further development of the portfolio.

Arete Park Rokycany II offers almost 30,000 sqm of warehouse and office space with high technical and environmental standards. In June this year, it received BREEAM New Construction certification at the Very Good level. The park is located in close proximity to the D5 motorway and provides a logistics link between Prague and the German border. Also attractive to the buyer was the park's long-term and sole tenant, the German logistics company Thomas Duvenbeck Immobilien, part of the British investment group Waterland.

"Arete Industrila's strategy is to generate and deliver the highest possible return to the fund's investors. With the sale of Arete Park Rokycany II, we are freeing up capital which we will immediately invest in ready acquisitions abroad. In order to maximize the overall value of the portfolio when the fund exits in 2027, increasing the share of foreign assets is clearly a positive step and we are partially shifting the portfolio's focus there," says Miro Barnáš, CIO of Arete Real Estate. According to him, the group, through the successful sale, declares the liquidity of the fund's portfolio assets and at the same time their market value.

Source: Systems Logistics, photo: Arete.