Arete Invest has expanded a lease with Fiege at Arete Park Lovosice by 7,500 sqm to a total of 9,600 sqm where it’s been growing since last April. Cushman & Wakefield and 108 Agency were the brokers involved in the agreement at the park, which Arete Invest will be adding 11,000 sqm of leasable area to. “We value the move by Fiege very highly, as it confirms the strategic location and the unique nqture of our logistic park in Lovosice and at the same time strengthens our faith in building a strategic partnership with our clients,” said Tomáš Novotný, a member of the investment committee of Podfond Arete Invest CEE II, which is responsible for asset management. Fiege will be using the new space to serve its client Automax, which is relocating its storage now based in Brno.
