Arete Invest fund recorded high revenues
Prague, 15th of May 2018
Arete Invest, a Czech real estate investment fund, has published its audited results for the last year. The gross return of the currently open Arete Invest CEE II sub-fund was 44.2% in 2017, the cumulative gross income thus reached 82.2%. The value of assets under management of the sub-fund almost tripled during the year from € 24 million to € 70 million.
Arete Invest CEE II was established in February 2016 and is gradually creating a homogeneous portfolio of premium high-income industrial real estate. The expected value of the managed assets of this sub-fund during the five-year investment cycle is 5 billion CZK. During 2017, four acquisitions were completed, three in Slovakia and one in the Czech Republic.