WE HAVE STARTED THE CONSTRUCTION OF A MODERN INDUSTRIAL PARK IN THE VICINITY OF TRENČÍN, SLOVAKIA

ARETE Group's third fund focused on attractive and stable industrial and logistics assets in the CEE region has started construction of a modern industrial park near the city of Trenčín, Slovakia. The total value of the transaction is 7.5 million EUR (equivalent to more than 180 million CZK).

The tenant of the planned complex will be the company Linde Material Handling group. The firm specializes in the sale, service and rental of handling equipment, storage racking solutions and warehouse automation. It has been operating in Slovakia since 1993. The planned facility will be in close distance to Trenčín, which is one of the major traffic hubs in the region. The total planned area of the development is more than fifteen thousand square meters. At the same time, the complex has room for further expansion on an area of several thousand square meters.

“Overall, this is our fifth acquisition within the ARETE INDUSTRIAL fund in Slovakia. Trenčín is one of the economic centres of Slovakia and thanks to its location it has the potential to play an even more significant role within the country. We are delighted to be strengthening our position in the Slovak market, which has long been a very attractive destination for us in the context of the Central European region," explained Robert Ides, the second co-founder of ARETE Group, about the transaction.

"An important stabilizing element of the entire project is the signed long-term lease agreement with a creditworthy tenant that has been operating on the Slovak market for several decades. At the same time, the planned facility will meet all parameters according to the ESG principles,” Ides added about the transaction.

“From the perspective of a tenant, we genuienly appreciate that the developer and owner of the industrial park is a fund from the ARETE group. We are impressed by the high expertise of the ARETE team and the vision with which it wants to manage the property and further develop the site. Our business interests in Slovakia are long-term and the background is extremely important for us given the continuously expanding market potential,” said Linde Material Handling group on the start of the development.