ARETE Enters the Polish Market
Prague, 30th September 2024
We have completed the acquisition of a major logistics park in western Poland. With this move, ARETE expands its operations beyond the Czech Republic and Slovakia, entering the Polish market. This acquisition strengthens the portfolio of the ARETE INDUSTRIAL fund, increasing its total leasable area by 25% and raising the value of assets under management to over EUR 300 million.
In this significant move, which is in line with the group's strategy of investing in high-quality logistics assets in strategic locations in Europe, ARETE is expanding into the Polish market. The park will be part of the ARETE INDUSTRIAL real estate fund portfolio.
The park is located in the city of Zgorzelec and represents a Class A logistics facility with a BREEAM Excellent certification, offering a total leasable area of approximately 65,000 m2. Its key location on the Polish-German border provides direct access to major European markets. The park is fully leased on a long-term basis to the prestigious tenants, including a European manufacturer of disinfectants and hygiene products and a leading logistics operator running a distribution center.
The city of Zgorzelec offers numerous advantages for logistics and industrial operations. Its strategic cross-border location provides seamless access to both the German and Polish markets, with excellent connections to major highways, including the A4, which is part of the European Transport Corridor III. This ensures efficient transport to major cities like Dresden, Berlin, and Wrocław. The region also offers access to a skilled workforce from both Poland and Germany and serves as an industrial hub focused on manufacturing, retail, and services.
With the acquisition of this park the total leasable area of the ARETE INDUSTRIAL fund will increase by 25%, and the value of assets under management will exceed EUR 300 million. Geographically, the leasable area of the fund is now distributed as follows: 48% in the Czech Republic, 27% in Slovakia, and 25% in Poland.
The park combines high functionality with environmentally friendly solutions. The BREEAM Excellent certification confirms its high energy efficiency and low carbon emissions. The facility is equipped with advanced energy management systems, LED lighting, and systems to limit water usage, meeting the needs of tenants seeking both sustainable and modern logistics spaces. The project is thus fully in line with ARETE Group's ESG strategy and confirms its commitment to sustainability and modern infrastructure.
This acquisition represents another key step in our expansion strategy in Europe and offers significant growth potential.