ARETE INVEST CEE II’s Portfolio of Logistics Parks Sold with KŠB’s Assistance
The Portfolio includes 11 logistics and light industrial parks in the Czech Republic and Slovakia that are leased to 17 mainly international tenants. Cromwell acquired a total leasable area of 125,000 sqm and additional 140,000 sqm of land for further development.
KŠB has advised the ARETE Group throughout the sub-fund’s entire life, including its structuring, the purchase of individual properties, their development, as well as financing and refinancing of the entire real estate portfolio. The transaction was led by partner Jiří Horník with the support of partner Martin Krejčí, and assisted by senior associates Jakub Porod, Josef Kříž and Jaroslav Zahradníček and junior lawyer Ondřej Siška.
“I would like to thank the KŠB team for their advice throughout the existence of the second sub-fund ARETE INVEST CEE II, which culminated in the successful sale of the portfolio even in such a difficult time. Thanks to the cooperation with KŠB, we managed to implement complex real estate projects, set the basic parameters for the sub-fund’s operation with various types of investment shares, as well as successfully cooperate on setting up external co-financing of the fund by renowned banking groups” added Lubor Svoboda, ARETE’s co-founder.
ARETE Group is a long-standing client of our law firm and we appreciate that we were able to be part of the transaction.
Details are available in ARETE’s press release here.
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