New development in ARETE Park Rokycany 2
Prague, 13th of February 2023
The third fund of the ARETE group has started the construction of a modern hall within ARETE Park Rokycany 2 industrial park. The investment will reach a total amount of 40 million euros. This is equivalent to just under one billion Czech crowns. The long-term tenant will be the Duvenbeck Group, which is an international active, full-service logistics provider.
ARETE group's third fund focused on attractive and stable industrial and logistics assets in the Central and Eastern Europe region has started construction of a modern logistics hall within ARETE Park Rokycany 2. The facility is planned to be completed within one year and the Duvenbeck Group will become its long-term tenant.
The complex will offer nearly 30,000 square meters of modern warehouse and office space. The project will also comply with ESG standards in line with ARETE group's strategy. The tenant will benefit from the strategic location of the facility, which is close to the D5 highway.
"The launch of construction at ARETE Park Rokycany 2 is an important step towards building a stable portfolio for our third fund ARETE INDUSTRIAL. The complex is attractive for logistics companies due to its close proximity to the D5 motorway, which is the main highway linking the Czech Republic to Germany. Thanks to our own team handling the entire development process, we can be more flexible and can meet all the requirements of the tenant. We greatly appreciate the fact that the long-term tenant will be a reputable logistics service provider Duvenbeck. A group with more than 90 years of tradition, annual turnover of more than EUR 920 million, the best D&B Rating and currently more than 6,000 employees working at over 35 locations in 8 European countries," said Lubor Svoboda, co-founder of the ARETE group, on the start of construction.
The Czech branch of Duvenbeck was founded in 1996. The current Managing Director Oliver Röhl has been with the company since the beginning and has held the position of Managing Director himself since 2004.
"For the Duvenbeck Group, this is a strategic project that will be one of the most important in the Central European region. We are delighted that a fund from the ARETE group is the developer and owner of the industrial park. We appreciate the high expertise of the entire ARETE group team, which was able to prepare a project that met all our requirements in a relatively short time. The excellent location of the park fits precisely into the network of key European warehousing and distribution centers of the group," said Oliver Röhl, Managing director Duvenbeck Czech Republic.