The ARETE group is strengthening its logistic premises and has attracted new lessees in the Czech Republic and Slovakia
Prague, 25 June 2020
Despite the Coronavirus crisis, the ARETE investment and real estate group has managed to fill vacant areas on its premises and extend contracts with lessees in recent months. In Nové Mesto nad Váhom, ARETE has prepared more than 7 thousand m2 of premises for TPL, a logistic company, intended primarily for food storage. CTE Cargo sped, a sea and air carrier, moved back to the premises in Lovosice, which cover an area of4.3 thousand m2 and the contract with Fiege, a company providing reverse logistics for the Zalando fashion brand, has been extended for eight years. The occupancy rate of all ARETE's premises is therefore now 100 %.
The contract with Fiege concerning ARETE's premises in Lovosice was extended in April for a total of eight years. Fiege provides reverse logistics with added value to the Zalando fashion brand, using a total of 3.4 thousand m2. In the first quarter, CTE Cargo sped, a company specialising in sea and air cargo, operating in ARETE Park Lovosice. The company has signed a contract for 4.3 thousand m2 of storage space for at least three years. The occupancy rate of the premises in Lovosice is therefore now 100 %. At the same time, investments were made to increase the standards of the entire complex.
TPL moved to ARETE Park Nové Mesto nad Váhom to use more than 7,000 m2 on the basis of a long-term contract. The company specializes in comprehensive logistics services, including co-packing. The new highly energy-efficient premises have been tailored to TPL's specific needs in order to meet the high standards of food storage, distribution and logistics, i.e. the focus of TPL's logistics services. The premises have obtained all the necessary certifications and attestations and meet all the stringent hygienic standards. The premises also include an office building for the management of logistics operations.
"We are glad that we have managed to find a suitable solution for TPL and their distribution warehouse that meets the client's requirements and allows the client to ensure full and efficient operation within Slovakia," said Igor Šnirc, director of the Slovak branch of the ARETE group. "We appreciate their highly professional approach. We believe that they will be satisfied with the new premises and that ARETE will be the right and reliable partner for their development," he added.
"We consider the contract for the new warehouse premises, which are part of ARETE Park Nové Mesto nad Váhom, to be a strategic investment in Slovakia. ARETE's assistance with customization as well as the low energy performance of the premises create a fundamental building block for an efficient, modern and environmentally-friendly central logistics solution for our clients. Moreover, the warehouse premises also include high-quality facilities for our employees," said Ľuboš Korec, CEO of TPL Slovakia, s.r.o.
Both complexes where the above-mentioned changes have been made are part of the portfolio of the second ARETE fund established in 2016. Its total accumulated gross yield soared to 115 % in 2019. This fund was closed to new investors in 2018. However, the third fund of the ARETE group was opened to investors at the beginning of 2020. This fund will not only invest in completed industrial real estate in Central and Eastern Europe but will also construct new logistic and production buildings. The target value of its portfolio should be close to CZK 12 billion and the portfolio should include over 600,000 m2 of leasable premises and more than 300,000 m2 of building land for further construction.