Arete Invest, a fast-growing fund focused on investments in the field of real estate, has published its results for the third quarter of this year. The value of the administered real estate owned by the fund increased to EUR 54.8 mil. The cumulated gross return of the currently opened sub-fund Arete Invest CEE II reached 40.5 % at the end of the quarter.
“The results reflect the potential of the Czech and Slovak investment environment in the field of real estate and exceed the market results. We continue to keep our promise to the investors. And as has been the tradition, we pay out a part of the returns to them, on a quarterly basis,” says Lubor Svoboda, co-founder and Chairman of the Arete Invest managing board. “We are working on other acquisitions, and we are also planning new construction projects which will increase the value of our portfolio in some of our premises in the Czech and Slovak Republics,. We are planning to invest tens of millions of euros in the following months.”
The expected value of the administered assets of Arete Invest CEE II during the assumed five-year investment cycle is EUR 200 mill. The sub-fund aims at the continuous appreciation of the invested investors´ assets in the amount of up 11 % annually, whereby up to 6 % annually is made up of monetary distributions paid out on a quarterly basis. The current return significantly exceeds these advised values.
The restructuring of the industrial and logistic premises ARETE PARK NOVÉ MESTO in the Slovak Republic, which was planned for a long time, was initiated in the third quarter. Furthermore, as one of the first funds in the Czech Republic, Arete Invest closed its first sub-fund CEE at the end of the third quarter by officially deleting it from the CNB register. The sub-fund reached the appreciation over 100 % p.a. during the two years of active management, and its investors were paid out already at the beginning of the year.
