The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe has started the first construction of two halls of a new industrial park after acquiring land with a building permit in the industrial zone of Rokycany, just off exit 62 of the D5 highway. Upon completion, nearly 25,000 sqm of lease space will be ready for tenants, with an above-standard storage height of 15 meters.
"The development in a premium location near the D5 motorway is our third fund's response to the growing demand for rental space in modern industrial parks. In parallel to the start of construction, we are completing negotiations with the park's key tenants. The unique combination of an investment fund with our own development team enables us to deliver the fund's new development projects on time and within approved budgets. We are thus able to provide the fund's investors with one of the best long-term investment returns on the market," said Lubor Svoboda, co-founder of ARETE Group.
"The logistics park will offer a total of 25,000 sqm of premium space with an above-standard storage height of 15 meters. The location right next to the D5 highway has long been one of the most sought-after in the Czech Republic. As the new park is located right on the outskirts of Rokycany, it also provides future tenants with good access to the local labor market. BREEAM certification and the installation of renewable energy equipment will also be a matter of course. We consider these activities essential to achieving long-term sustainability and meeting environmental standards. We plan to have the park fully completed by the end of the first half of 2023," concludes Robert Ides, the second co-founder of ARETE Group.
