Advising the ARETE Group on financing19/07/21 / News
The KŠB team advised the ARETE investment and real estate group on securing EUR 30 million in financing from Raiffeisenbank. The funds will be used to accelerate the growth of ARETE INDUSTRIAL SICAV fund's portfolio through selected acquisitions and new construction of industrial real estate projects.
ARETE INDUSTRIAL SICAV was established in 2019 as the third real estate investment product of the ARETE Group. It focuses on investments in production and logistics properties with a stable yield and complements them with new construction of the fund itself.
More information can be found in the ARETE press release here.
KŠB has provided ARETE Group with legal advice on a long-term basis, recent examples include assistance in selling its portfolio of eleven logistics and industrial parks in the Czech Republic and Slovakia to Cromwell European REIT (more information here).