Fashion e-shop will get a new warehouse in western Slovakia

The new warehouse will provide 60,000 square metres on several levels.

Construction of a warehouse for the chain of fashion e-shops Factcool in Nové Mesto nad Váhom.(Source: Courtesy of Arete Invest )

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.

Read also:Investment in real estate is on the rise

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Real Estate


Top stories

Constitutional Court hearings: The vote is a political affair, Fico says

MPs grilled the Constitutional Court candidates, former prime minister was the highlight of day one.

Robert Fico at the public hearing of candidates for the Constitutional Court judges.

Who will go to Court? Why the upcoming vote matters

The wrong people sitting in the Constitutional Court may dismantle rule of law step by step.

Wake up, Slovakia!

It is time to stop public information from being effectively hidden from public view.

Osturňa

Brits living in Slovakia to have the same rights as EU citizens after Brexit

Slovakia's PM expects the UK to adopt the same approach.