ARETE Group's third fund completed the construction of a new hall within the ARETE Park Rokycany I industrial park
Prague, 2nd of March 2023
ARETE Group's third fund completed the construction of a new hall within the ARETE Park Rokycany I industrial park. The long-term tenant of the facility will be Raben Logistics Czech s.r.o., one of the world's leading players in the logistics market. The total value of the development is 7 million EUR (approximately 165 million CZK).
The facility will be occupied by Raben Logistics Czech, a company that has been operating in the Czech market for fifteen years and offers comprehensive and customized logistics services.
The new facility, with a leasable area of more than 6,700 m2, boasts technical specifications that meet the highest requirements of environmental certifications. The entire facility is being built with the ARETE Group's ESG strategy in mind. At the same time, the newly completed warehouse is the first building within the ARETE Industrial portfolio to be completely warmed by heat pumps.
"Our fund is strengthening the share of new logistics and warehouse properties in the portfolio. We are pleased that we have managed to complete the construction of a new modern hall. For this, we must thank our development team, who have worked hard and demonstrated their high level of expertise over the last few months. At the same time, ARETE Park Rokycany I is attractively located right next to the D5 highway, which is an important transportation route connecting Prague and Germany. The proximity to the city of Rokycany also means a sufficient pool of skilled workforce. Soon, we will start further construction within this industrial park. When fully completed, the industrial park will offer tenants an area of more than 20,000 square meters," said Robert Ides, co-founder of the ARETE Group.
"As a tenant, we appreciate the high level of expertise demonstrated by the ARETE Group development team in recent months. The vision with which ARETE intends to continue to manage the property and develop the site was a key factor in our decision to build a modern transshipment facility in Rokycany, which will significantly speed up the connection between Central Europe and Germany," added George King, Lease & Facility Manager at Raben Logistics Czech s.r.o.