KŠB Advises ARETE INVEST on the disposal of a logistics parks portfolio17/12/20 / News

KŠB advised ARETE INVEST’s real-estate fund on one of the largest Czech-Slovak real estate transactions this year.

The transaction involved the sale of a portfolio of 11 logistics and industrial parks in the Czech Republic and Slovakia to Australia-based fund Cromwell. The value of the transaction amounts to EUR 113 million. The buyer acquired a total lease area of over 125 thousand square meters and 140 thousand square meters of land for construction. The transaction is expected to be settled in the first quarter of 2021.

KŠB previously advised the ARETE INVEST Group on establishing the fund, the purchase of individual properties and the development thereof, as well as during financing and refinancing. The transaction was led by partner Jiří Horník with assistance of partner Martin Krejčí, who were further assisted by senior associates Jakub Porod, Josef Kříž and Jaroslav Zahradníček, and junior lawyer Ondřej Siška.

The ARETE INVEST Group is KŠB’s long-standing client and we appreciate that we were able to part of the transaction.

Details are available here and here.