Having successfully gone through the notification process in Slovakia, Germany and Austria, the investment and real estate group Arete is now able to actively offer investment opportunities to foreign investors in its third open fund ARETE INDUSTRIAL. The fund’s founders expect foreign investors to acquire up to 50 percent of the shares. The fund is set up to invest both in existing industrial properties in Central and Eastern Europe and to build and operate its own logistics and production buildings. The Arete group already owns and is developing several Slovak properties worth more than €50m in Žilina, Nové Mesto nad Váhom and in Košice.
“The Slovak market in particular has great potential in our view,” said Arete co-founder Lubor Svoboda. “We already have a series of properties here and our own team and an office.” He said the fund has registered interest in Arete from investors based in its neighboring countries. “We want to be an international fund working on the basis of international standards and with an international portfolio of investors,” said Robert Ides, Arete’s other co-founder.
