The ARETE Group approved production halls in Uherské Hradiště and Košice, with investments reaching almost 20 million EUR
The Arete investment and real estate group, which includes real estate investment funds, has expanded its second fund's portfolio to more than 125,000 m2 of industrial production and storage space. In the zone located in the immediate vicinity of Košice, Slovakia, it has completed the construction of specialized production halls for the leading European manufacturer of steel chimneys, Steelcon. The property with an area of 12,000 m2 represents an investment of 13 million EUR. On its site in Uherské Hradiště, the Arete Group substantially expanded the existing production hall of Forschner with an investment of almost 7 million EUR. Both properties were successfully approved during the summer.
"We are glad that we managed to successfully complete the construction in both locations on schedule. We also managed to deal with complications related to the coronavirus pandemic, which interrupted construction work and material supplies. Nevertheless, we prepared the premises for the tenants even earlier than they expected," said Lubor Svoboda, co-founder of the ARETE group.
"Our own construction proves that we can further expand our real estate portfolio, which allows us to significantly increase the value for our investors. In addition, we want to support the entire locations in which we operate beyond our responsibilities. For example, in the village of Veľká Ida, where our newly built production area is located, we donate a playground to the village,” he adds.
Source: // Retrend