ARETE’s production halls in Uherské Hradiště and Košice approved for use, investments reaching almost EUR 20 million
“We are glad we have managed to finish construction in both locations within the planned deadlines. We have also coped well with the complications arising from the coronavirus pandemic, which have caused suspensions of construction work and disruptions in material supplies. Yet in spite of this, the premises were ready for the tenants sooner than expected,” said Lubor Svoboda, ARETE group co-founder. “Our own construction projects prove that we are able to further expand our real estate portfolio, significantly contributing to increasing value for our investors. In addition, we want to support – beyond our obligations – the whole regions where we operate. For example in Veľká Ida, where our newly built production premises are located, we have donated a children’s playground to the village,” Lubor Svoboda added. New premises in Košice A set of two specialized production halls for Steelcon Slovakia, a member of the Danish Dominion Steelcon Group specializing in the manufacture of steel chimneys, has been built in the Veľká Ida industrial zone. It is located in the immediate vicinity of the city of Košice, Slovakia, and has long been on the radar of foreign manufacturing companies. “Steelcon Slovakia, a member of the Dominion Group, is a highly stable and globally growing company. It has already supplied over 6,500 industrial steel chimneys worldwide, making it a global leader in the industry. We have acquired a genuinely important long-term tenant for our production hall,” Lubor Svoboda stressed. The funds invested into this construction project, strengthening the attractiveness of the Slovak investment market, amounted to EUR 13 million. The construction work was launched in November and approved in August. Extension of the hall in Uherské Hradiště Intensive work on the expansion of the existing Forschner production hall in ARETE’s industrial park in Uherské Hradiště began last year, and the tenant was able to start its preparations for production in the new spaces on time. The project includes, among other things, the construction of modern clean operations for the manufacture of electric vehicle components pursuant to the highest international standards with constant temperature and humidity. The construction project naturally includes a rainwater infiltration solution. Other integral parts of the hall include modern office and sanitary facilities for employees. The Class A industrial complex in Uherské Hradiště with its excellent transport links to Slovakia and the South Moravian Region has been part of the Arete portfolio for four years now. It offers a total production and storage area of 12,750m2, of which 1,034m2 is specialized clean operations. The entire premises are leased to Forschner, initially a German family firm which has grown into a multinational corporation. It specializes in electromobility, manufacturing cable and electromechanical systems and other components, primarily for the automotive industry. Its clients include Audi, Continental, Daimler, Volkswagen, Philips and Bosch.
Arete widens its real estate portfolio in Uherské Hradiště and Košice, with investments reaching almost EUR 20 million
The investment and real estate group, Arete, incorporating real estate investment funds, announced today continuing enlargement of its portfolio. After acquiring land in an industrial zone lying just outside Košice, Slovakia, Arete has begun construction involving investment of EUR 13 million of a specialised production hall covering an area of 12,000 m2 for a leading European steel chimney manufacturer. Arete is also significantly enlarging the existing Forschner production hall in Uherské Hradiště, investment into this project being in the region of EUR 7 million. “After a quantity of acquisitions of functioning, profitable industrial properties that we have made over the past few years, we decided to take on our own development projects. Our pioneer project was construction of a huge warehouse on our own premises in Nové Mesto nad Vahom, which was completed last summer. Together with our current construction project, this demonstrates that we are capable of widening our portfolio, which allows us to significantly increase value for our investors,” explained Lubor Svoboda, co-founder of the Arete investment and real estate group. New Premises in Košice In November, the Arete group completed acquisition of land in the Veľká Ida industrial zone which lies within easy access to Košice in Slovakia. This zone, which even offers the opportunity of receiving government support, has for some time been the focus of interest of foreign manufacturing companies. Arete group is now building a specialised production hall for Steelcon Slovakia, part of the Danish group, Dominion Steelcon, which specialises in the manufacture of steel chimneys. This highly specialised project involving two halls with investments totalling EUR 13 million is proof of just how attractive the Slovak investment market is. Completion is planned for the second half of this year. Production hall extension in Uherské Hradiště Intensive work has been underway since last year on an extension to the existing Forschner production hall and logistics park in Uherské Hradiště. The new hall extension should be finished in April. An important aspect of the construction work is the creation of modern, clean production spaces suitable for manufacturing components for electric cars while meeting the highest international standards, with a constant temperature and humidity. Of course, rainwater infiltration and heat recuperation considerations are also addressed in the construction works. Modern office space and hygiene facilities for staff are integral to the new hall. Class A industrial premises in Uherské Hradiště with excellent road access to Slovakia and South Moravia has been in the Arete portfolio for four years now and it is 100% leased out to Forschner, which has grown from a German family firm into a multi-national corporation. Its focus lies on electric vehicles, production of cable and electromechanical systems and other components intended mainly for the automotive industry. Its clients include Audi, Continental, Daimler, Volkswagen, Philips and Bosch. About the Arete Group: The investment and real estate group Arete was established in 2014 and focuses on investment in real estate. The first Arete Invest sub-fund, which focused on residential properties, completed its investment cycle in 2017, with a gross total appreciation of 120%. The second Arete Invest sub-fund, investing in industrial properties, has been operating since 2016, with a gross total appreciation of more than 90%. In 2020 a third fund has been opened for investors: Arete Industrial. The goal of this new fund is not simply investment in ready-built industrial properties, but also to construct them. The funds are intended exclusively for qualified investors, both natural and legal persons, whose activities are subject to inspection and supervision by the Czech National Bank. For more information, go to www.arete.eu. Find out more by phoning: Ondřej Micka, mobile: +420 724 352 552 Martina Chromečková, mobile: +420 774 135 551 Tel: + 420 251 091 211 E-mail: arete-pr@emcgroup.cz
Arete Invest Is Expanding A Hall For Forschner In Uherské Hradiště
the Arete investment group, which includes the newly established Arete Industrial fund, has commenced construction work to expand the existing production hall by approx. 4200 m2in the industrial and logistics park in Uherské Hradiště. “With this development in Uherské Hradiště we are fulfilling our strategy to broaden this site on the expansion lands we have had since the start of the acquisition,” comments Lubor Svoboda, co-founder of the Arete group, adding: “This will provide us with another modern hall which is being built according to the latest technological and environmental standards, which will enable the tenant to maintain the high standard of its production process, optimise operating costs and improve its economic results.” The new hall should be completed at the turn of the first and second quarter of 2020. The project includes, amongst other things, the construction of modern clean operations for the manufacture of components for electric vehicles in accordance with the strictest international standards, covering an area of approx. 680 m2, including LED lighting, with constant temperature and humidity. The construction project naturally includes rainwater infiltration and air recovery. Other integral parts of the hall include modern office and sanitary facilities for employees. The expansion for Forschner will cover a total area of 4 300 m2. The Class A industrial complex in Uherské Hradiště with its excellent transport links to Slovakia and south Moravia has been part of the Arete Invest portfolio for three years now and its 100% leased by Forschner, which has grown from a German family firm to become a multinational company. It specialises in electromobility, the production of cable and electromechanical systems and other components intended especially for the automotive industry. Its clients include Audi, Continental, Daimler, Volkswagen, Philips and Bosch.
Forschner in Hradiště extended the lease contract by 11 years, expands production
Arete Invest signed a new five-year lease agreement with the Fiege logistics company in March. The company will increase its storage capacities of Lovosice Park area by 7500 m2 to the total of 9600 m2 already in April. Cushman & Wakefield and 108 Agency were the lease consultants in this case. Arete Invest is also planning to expand the area by another 11,000 m2 of warehouse and production area. https://archiv.ihned.cz/c1-66179610-news https://www.buildingnews.cz/investicni-trh/arete-invest-chysta-rozsireni-lovosickeho-prumysloveho-parku.html
The Arete Invest Fund invests almost 3 million in the expansion of the premises in Uherske Hradiste, the lease contract with the tenant extended by 11 years
Arete Invest, a fast-growing Czech real estate investment fund, signed a new lease agreement with Forschner in May, which is valid until 2029. Forschner's production capacity in the Uherske Hradiste Park Area will thus be expanding by another 5,000 m2 to 12,300 m2 next year. The total investment in new construction is estimated at 75 million crowns (roughly 2.9 million euros). “We are glad we can support the further development of our tenant. Thanks to the expansion of the premises in Uherske Hradiste and a significant extension of the contract, we are further stabilizing and increasing the value of our Sub-Fund's portfolio, “said Tomáš Novotný, Investment Fund member of the Arete Invest CEE II Sub-Fund, responsible for asset management. http://www.informuje.com/mediamedia/fond-arete-invest-investuje-takmer-3-miliony-do-rozsirenia-arealu-v-uherskom-hradisti-s-n
Fond Arete Invest invests 130 million in expanding its premises in Uherské Hradiště, extends contract with tenant by 11 years
Arete Invest, a fast-growing Czech fund that focuses on investment in real estate, signed a new lease contract with Forschner in May that is valid through to the year 2029. Forschner’s production capacities at Arete Park Uherské Hradiště will therefore be increased by 5,000 sqm next year to a total of 12,300 sqm of space. Total investment in new construction work is estimated at 130 million koruna. “We are delighted that we are able to support our tenant’s onward development. The expansion of the premises in Uherské Hradiště and the significant extension of the contract will lead to further stabilisation and will also increase the value of the portfolio of our sub-fund,” said Tomáš Novotný, member of the Arete Invest CEE II Sub-fund investment committee responsible for asset management. The category A industrial zone in Uherské Hradiště, which offers excellent transport connections to Slovakia and South Moravia, has been part of the Arete Invest portfolio for two years now. The property currently has 8,400 sqm of lettable space. The new structure, which covers some 4,300 sqm, will include clean, modern plants for the production of component parts for electric cars. Production is expected to get underway at the new premises in October of next year. The complex in Uherské Hradiště is 100 % let to Forschner, which rose from being a German family firm to a multinational company. It concentrates on electromobility, the production of cable and electromechanical systems and other component parts, particularly for the motor industry. Its clients include names such as Audi, Continental, Daimler, Volkswagen, Philips and Bosch. Forschner employs more than 700 people at Arete Park Uherské Hradiště and by expanding production has confirmed its role as a strategic player in supplying the motor industry. The objective at Arete Invest is to actively manage all real estate in the portfolio and to increase its value by increasing the number of tenants, extending lease contracts, intensifying relations with tenants or using land which is currently unused for future construction. The complex in Uherské Hradiště is part of the portfolio of the currently-open Arete Invest CEE II sub-fund. The expected value of the assets managed in this sub-fund during the anticipated five-year investment cycle is CZK 5 billion. The sub-fund is aiming for regular appreciation of the finances invested by investors of up to 11 per cent per annum, whereby up to 6 per cent of this p.a. will be paid out on a quarterly basis. Current profitability far outstrips these estimated values.
Arete Invest fund invests 75 million to site expansion in Uherske Hradiste, the lease contract was extended by 11 years.
Arete Invest, a fast-growing Czech real estate investment fund, signed a new lease agreement with Forschner in May, which is now valid until 2029. Forschner’s production capacity in the Uherské Hradiště Park Area will be extended by another 5,000 m2 next year a total area of 12,300 m2. The total investment in new construction is estimated at 75 million crowns. “We are pleased to support the further development of our tenant. The expansion of the premises in Uherské Hradiště and the significant extension of the contract, means further stabilization and increase of the value of our sub-fund's portfolio, “said Tomáš Novotný, a member of the investment committee of the Arete Invest CEE II Sub-Fund, responsible for asset management. https://www.investujeme.cz/tiskove-zpravy/fond-arete-invest-investuje-75-milionu-do-rozsireni-arealu-v-uherskem-hradisti-s-najemcem-prodlouzil-smlouvu-o-11-let/ https://www.systemylogistiky.cz/2018/06/25/fond-arete-invest-investuje-75-milionu-do-rozsireni-arealu-v-uherskem-hradisti/
