Investment cycle of the ARETE INVEST fund investment fund with variable capital, settled all investors and closed the investment cycle
Prague, 19th of October 2021
The ARETE Investment and Real Estate Group, which includes real estate investment funds, is gradually fulfilling the strategy and investment objectives of its third fund, ARETE Industrial, which have been set for this year. At the same time, it intensively improves the management team. At the end of September, Miroslav Barnáš, who worked in the Jones Lang LaSalle (JLL) Group for more than 15 years and for the last 4 years as CEO of Czech Republic & Slovakia, strengthened the team from the position of a member of the Supervisory Board of ARETE Industrial and the manager responsible for the group's transactions. On October 1st, Alica Koblovská took over the position of Chief Legal Officer of the ARETE Group, which worked for many years in the law firm Kocian Šolc Balaštík and most recently participated in the management of the BM Management family office from the position of General Counsel. Alica also became a member of the Supervisory Board of the fund ARETE Industrial.
"For this year, we have set ourselves the goal of carrying out a total of five transactions worth a total of 1.5 billion Czech crowns. In terms of business structure, new development projects now slightly predominate over yielding assets, however, for next year's acquisitions we assess and manage due diligence mainly on income generating assets. I’m optimistic that we will most likely meet the investment targets set for this year. At the same time, we received a positive response from investors to close our second sub-fund. For this reason, we are also succeeding in fulfilling our goals in the area of fundraising,” concludes Robert Ides, co-founder of the ARETE Group, with a positive assessment of the development of the third fund.
Lubor Svoboda, the second co-founder of the ARETE Group, continues: “In order to be able to meet the set development goals of the group and our funds, it is essential that we constantly strengthen our team. I’m very pleased that Miro Barnáš is now a member of the Supervisory Board of ARETE Industrial and the manager responsible for ARETE Group transactions, whose experience in managing the JLL Group in the Czech Republic and Slovakia will undoubtedly help build a stable and profitable portfolio of our third fund. Miro has over 15 years of experience in the field of commercial real estate, especially in the field of investments, valuations, leases, construction and property management. He has led or participated in a number of acquisition or sale transactions on the capital markets in the countries of Central and Eastern Europe, especially the Czech Republic and Slovakia. From 2011 to 2020, he worked for the international real estate consulting company Jones Lang LaSalle, holding various managerial and managerial positions (Managing Director, Head of Capital Markets and finally CEO). He graduated from the University of Economics in Bratislava and has been a member of the Royal Institute of Chartered Surveyors (RICS) since 2011."
The second significant reinforcement of the ARETE team is Alica Koblovská. Alica worked for over 6 years in the law firm Kocian Šolc Balaštík, focusing mainly on real estate and commercial law. She comes to ARETE from the BM Management family office, where she has held the position of General Counsel for the last more than 4 years. She has participated in the company's international transactions in the area of Venture Capital & Private Equity. Lubor Svoboda adds: “From the position of Chief Legal Officer of the group and a member of the Supervisory Board of ARETE Industrial, Alica will be responsible for the legal and procedural support of our projects and investment structure. I’m convinced that her ability to combine the legal aspects with a business perspective will help us mainly in the successful growth and fulfilment of the acquisition goals of our funds."