WE HAVE COMPLETED THE CONSTRUCTION OF ARETE PARK ROKYCANY II
Prague, 21st December 2023
A few days ago, the German logistics company Thomas Duvenbeck Immobilien, which is part of the British investment group Waterland, took over the logistics complex ARETE Park Rokycany II for use.
The complex increases the total standing leasable area of the ARETE INDUSTRIAL fund by 21% to a total of 170,354 sqm.
This step increases the share of logistics by area to 54% of the standing parks in the total portfolio. The overall exposure of the portfolio in the Czech Republic has increased by 16% to a total of 62%. The exceptionally long lease improves the overall profile of the fund and the new site itself will also significantly increase the WAULT of the portfolio to approximately 9 years as of December this year.
The completed state-of-the-art logistics facility complies with the latest technological and environmental standards, including BREEAM certification, which is in the process of being ratified.
The tenant will use the hall for logistics purposes and it will become the company's largest consolidation centre in Europe. At the same time, ARETE Park Rokycany II is more modern than the company's German headquarters. Duvenbeck, which is an A-rated international tenant, will be the sole tenant of the site. At the same time, Duvenbeck is one of Waterland Group's strategic investments.