The Arete Invest Fund invests almost 3 million in the expansion of the premises in Uherske Hradiste, the lease contract with the tenant extended by 11 years
Prague / Uherske Hradiste, 10th of June 2018
Arete Invest, a fast-growing Czech real estate investment fund, signed a new lease agreement with Forschner in May, which is valid until 2029. Forschner's production capacity in the Uherske Hradiste Park Area will thus be expanding by another 5,000 m2 to 12,300 m2 next year. The total investment in new construction is estimated at 75 million crowns (roughly 2.9 million euros).
"We are glad we can support the further development of our tenant. Thanks to the expansion of the premises in Uherske Hradiste and a significant extension of the contract, we are further stabilizing and increasing the value of our Sub-Fund's portfolio, "said Tomáš Novotný, Investment Fund member of the Arete Invest CEE II Sub-Fund, responsible for asset management.