The Czech investment fund Arete Invest, focusing on investment in real estate, is building a new warehouse for the international chain of fashion e-shops Factcool in the industrial park at Nové Mesto nad Váhom.
“The Slovak market is an advantageous investment destination for our fund and our investors,” said Lubor Svoboda, co-founder and chairman of the administrative board of Arete Invest, as cited by the SITA newswire, adding that the investors are expecting upper standard yields.
Construction of the €11 million warehouse that will serve the region of central and eastern Europe started in July. It should be put into operation next April. Thanks to a sophisticated storage system, it will offer more than 60,000 square metres of storage on several levels over 16,500 square metres. In total, 100 people will find work here.
Factcool and Arete have signed a rental contract for 10 years.
Arete Invest is also negotiating with other tenants, who could take up the remaining free plots for construction.
As well as the extension of the Arete Park at Nové Mesto, the investment fund is negotiating the construction of two brand new premises worth €15 million and plans other acquisitions in the future as well.
6. Sep 2018 at 12:38 | Compiled by Spectator staff