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Category: Prague

The Czech Top 100 Association grants a special award for innovation and transparency in the investment market to Arete Invest

Arete Invest, a fast-growing fund focused on investment in real estate, received the prestigious Czech Top 100 Award – a special award for innovation and transparency in the Czech investment market – at a ceremony in the Spanish Hall of the Prague Castle at the end of June. The reasons why Czech Top 100 granted the special award were in particular the fund’s successful efforts to bring foreign capital to the Czech Republic, its very transparent approach to investors ,in which it holds up international standards, (albeit under the supervision of the Czech National Bank due to the fund’s local registration), the regular quarterly distribution of dividends in the amount of 6 % per year and a short investment cycle of the first sub-fund with the audited result of more than 100 % of profit for shareholders for a mere 18 months.  “Over several years of operation, we have achieved numerous successes and caught up with the largest Czech companies. Our transparency towards our investors is one of our key principles – we are, therefore, truly proud of the award we have received. We believe that we will continue to bring the same above-standard revenues to our investors,” says Lubor Svoboda, co-founder and Chairman of the Management Board of Arete Invest. Arete Invest already has a second active sub-fund; the investment story of the first sub-fund ended last year by selling off the entire residential portfolio consisting of several hundred housing units to a foreign financial investor. In February 2016, the second sub-fund of Arete Invest, CEE II, was established. This sub-fund is gradually creating a homogeneous portfolio of high-standard revenue-bearing industrial real estate. The expected value of the assets managed by CEE II over the anticipated five-year investment cycle is 200 million euros. The sub-fund aims at the continuous improvement of the investors’ funds in the amount of 11-16 % per year, of which up to 6 % per year are regular dividends paid on a quarterly basis. However, as can be seen in the audited results for 2016, the current revenue rate far exceeds the 16 % announced – the gross revenue for the last year was as much as 25.7 %. By the end of this year, the fund is planning to invest another 60 million euros in the Czech and Slovak markets and thereby shift the volume of the assets owned to the threshold of approximately 120 million euros

The Czech Top 100 Association awarded the Arete Invest Fund Prize

Arete Invest, a real estate investment fund, won the prestigious Czech Top 100 – Special Award for Innovation and Transparency in the Czech Republic Investment Market at the end of June during a gala evening in the Spanish Hall of Prague Castle.  https://www.investujeme.sk/kratke-spravy/zdruzenie-czech-top-100-udelilo-cenu-fondu-arete-invest/

Where to invest to get the most out of it?

Experts advise how to best value their money in 2017. Lubor Svoboda, Co-Founder and Chairman of the Board of Directors of Arete Invest: I have three absolutely “non-repeatable” principles. The best investments are those that: https://peniaze.pravda.sk/sporenie-a-investicie/clanok/431827-kam-investovat-aby-ste-co-najviac-zarobili/  

Real Estate Fund Arete Invest achieved 25.7% returns

Arete Invest, a rapidly growing real estate investment fund, has published its audited results for the past year. The total audited earnings after tax reached almost CZK 92 million (approximately EUR 3.47 million), the gross revenue of the currently open sub-fund Arete Invest CEE II was 25.7%. Audit of the results was carried out by Deloitte.  https://www.investujeme.sk/tlacove-spravy/realitny-fond-arete-invest-dosiahol-vlani-vynos-25-7/  

Arete Invest returns 25.7%

Arete Invest, a rapidly growing real estate investment fund, has published its audited results for the past year. The total audited earnings after tax reached almost CZK 92 million (approximately EUR 3.47 million), the gross return of the currently open Sub-Fund Arete Invest CEE II was 25.7% in 2016. The audit was done by Deloitte auditors. http://www.systemylogistiky.sk/2017/05/26/arete-invest-s-vynosom-257/  

Arete Invest plans to invest additional EUR 60m

The Arete Invest fund, focusing on real estate investments, plans to invest additional ca. EUR 60m in the Czech Republic and Slovakia later in 2017. Total owned assets will thus grow to ca. EUR 120m. Arete Invest reported audited after-tax profit of EUR 92m for 2016. http://praguemonitor.com/2017/05/26/arete-invest-plans-invest-additional-eur-60m

Arete Invest reports CZK 92m profit in 2016

Arete Invest reported a CZK 92m profit and a 25.7-percent gross yield for its opened subfund Arete Invest CEE II in 2016. Deloitte audited the results. The fund was established in 2014 and its chairman, Lubor Svoboda, says it moved its focus to Slovakia, which offers higher yields than the booming Czech economy.  http://cijeurope.com/en/encompassme-europe/25526/story/arete-invest-reports-czk-92m-profit-in-2016

The audited results of Arete Invest for 2016 confirmed a revenue of 25.7 %.

Arete Invest, a fast-growing fund focused on investment in real estate, published its audited results for last year. The total audited profit after tax reached almost CZK 92 million, and the gross revenue of the currently open sub-fund of Arete Invest, CEE II, amounted to as much as 25.7 % for 2016. The results were audited by auditors from Deloitte.  “We established the fund as late as 2014, and we can already be proud of the successes we have achieved since then. We have confirmed that the Czech market offers an interesting investment potential, and we believe that we can make the most of it. Our investors expect above-standard revenues, and we have therefore also entered the Slovak market in light of the growing economy and increasing prices of real estate in the Czech Republic; the Slovak market offers interesting investment opportunities while maintaining the risk profile within our acquisition strategy,” says Lubor Svoboda, co-founder and Chairman of the Management Board of Arete Invest. The year 2016 was a turning point for the fund. During that year, the investment story of the first sub-fund of Arete Invest, CEE, ended by selling off the entire residential portfolio consisting of several hundred housing units to a foreign financial investor. In February 2016, the second sub-fund of Arete Invest, CEE II, was established. This sub-fund is gradually creating a homogeneous portfolio of high-standard revenue-bearing industrial real estate. “The economic situation in Central Europe favors the development of logistics and production. That is why the investment strategy of our second sub-fund is oriented that way. The situation is manifested in record-breaking profits of multinational companies and the highest turnovers of automotive plants in history,” explains Robert Ides, co-founder and member of the Management Board of Arete Invest. The expected value of the assets managed by CEE II over the anticipated five-year investment cycle is 200 million euros. The sub-fund aims at the continuous improvement of the investors’ funds in the amount of 11-16 % per year, of which up to 6 % per year are regular dividends paid on a quarterly basis. As can be seen in the audited results for 2016, the current revenue rate far exceeds the 16 % announced. In 2016, we acquired five logistics and production complexes in the Czech Republic. The properties in Uherské Hradiště, Lovosice and Písek combine logistics, production and offices. Their occupancy rate is 100 %, and they include leasable space with a total area of 35 thousand m² and space for further development comprising a total area of 29 thousand m². In 2017, two more extensive complexes, this time in Slovakia, were added to the CEE II sub-fund as part of the planned expansion. Thanks to them, the total leasable area of the entire sub-fund portfolio was increased to approximately 80 thousand m² while maintaining a 100 % occupancy rate. At the beginning of the year, a production hall in the vicinity of the KIA automotive plant in Žilina was acquired. In April, we announced the purchase the industrial and logistics complex Prologis Park Nové Mesto, which constitutes one of the largest real estate transactions made in the Slovak industrial sector this year in terms of the financial volume. By the end of this year, the fund is planning to invest another 60 million euros in the Czech and Slovak markets and thereby shift the volume of the assets owned to the threshold of approximately 120 million euros.    

Documents to download

Documents to download

Josef Vojta

Josef joined ARETE in 2019. As Distributions Director, he oversees the development of a portfolio of distributors as well as qualified investors of the Group's funds in the Czech Republic and the CEE region. Josef has more than 18 years of professional experience in real estate and investments in the CEE region. Before joining ARETE, he was Managing Partner at Licehamr Partners Group and previously served as Executive Director at Licehamr Development. He is actively engaged in publishing and academic activities. Josef holds a PhD from the University of Economics in Prague.

 

Martin Pacovsky

Is the Chief Investment Officer at ARETE for our energy transition strategy, with extensive experience in managing and developing energy assets, focused on advancing carbon-neutral strategies. With a strong track record in strategic planning and international market expansion, Martin has successfully led organizations through complex M&A processes, including guiding Pražská Plynárenská a.s. through the 2022 energy crisis as Chairman of the Board. His expertise encompasses risk management and stakeholder engagement.

Previously, Martin held senior roles at ČEZ Group, where he contributed significantly to renewable energy projects and international growth, such as overseeing the construction of Romania's largest onshore wind farm.

Martin holds an MSc from the University of Economics in Prague and an MBA from the Rochester Institute of Technology.

 

Martin Konecny

Serves as the company’s CFO, bringing a robust background in finance and economics, with extensive international experience. At ARETE, Martin is responsible for reporting and controlling on corporate and fund level for all entities in the Czech Republic, Poland and Slovakia.

Martin has over 30 years of experience, and a proven track record in corporate finance, operations, M&A, and portfolio management. Before joining ARETE, Martin served as a Group Head of Risks and Operations at P3 Logistics Parks, a logistics real estate investment manager with more than 3 billion AuM. His career includes 4 years as Country CFO at Citi Czech Republic and 15 years at KPMG, overseeing audits and compliance investigations.

Martin holds a Master’s degree in Economics, Finance and Trade from the Prague University of Economics and Business as well as an Executive MBA from the University of Bristol.

Robert Ides

Robert Ides, Co-Founder, is the Managing Partner of Arete Group. He was part of the founding team in 2014 and has over 25 years of advisory experience. He oversees company strategy, both real estate and energy infrastructure asset classes. Under his leadership, the company has successfully divested two real estate funds, delivering outstanding returns to its clients. Prior to founding the company, Robert held several leadership positions focusing on complex international mergers, acquisitions, and strategic projects. Among others, he served in executive roles at AIG and Zurich Insurance Group.

Robert is an experienced M&A professional and studied in Prague.

 

Miroslav Barnas

is the Chief Investment Officer at ARETE for our real estate strategy. He set up the investment management team and oversees deal sourcing, investment management and execution for the ARETE INDUSTRIAL FUND.

With over 20 years of professional track record in commercial and residential real estate, Miroslav is a seasoned executive with experience in advising corporate clients and private individuals on investment, valuation, leasing, negotiations, construction, and facility management of commercial properties in the Czech Republic and Slovakia. Miroslav has led major transactions exceeding €1 billion. His leadership roles include CEO and Head of Capital Markets at Jones Lang LaSalle.

Miroslav is an MRICS professional and holds a Master’s degree from the University of Economics in Bratislava.

Alica Koblovska

Serves as the Chief Legal Officer at ARETE, bringing over a decade of extensive legal expertise in corporate finance, M&A, and compliance. She oversees the entire legal agenda of ARETE and acts as a key strategic advisor, overseeing compliance for our complex fund structures.

Alica has held significant legal roles, including the position of General Counsel at Bakala Capital, where she managed legal affairs for Zdenek Bakala, a leading family office. Before this, she worked as a layer with Kocian Solc Balastik in Prague.

Alica holds a Master’s degree in Law from Masaryk University in Brno with international exposure at Paul Cezanne University.

 

Policy

Code of Conduct Good Governance and Management Policy ARETE ESG Disclosure as per Art 10 SFDR AREIF ESG Pre-contractual Information AREIF

 

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    Policy

    Code of Conduct ARETE Good Governance Policy ESG disclosure according to Art. 10 SFDR AREIF ESG Pre-contractual information AREIF

     

    Lubor Svoboda

    Lubor has 25 years of experience leading real estate and private equity companies as a CEO, managing successful business transactions and legal restructurings in financial and highly regulated environments. Over the past ten years, Lubor has focused on fund management and strategic planning. He holds a Master’s degree in Law from Masaryk University in Brno and an MBA from the Prague International Business School.

     

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