Arete buying for 3rd fund after €113m exit to Cromwell

Published: 03. 01. 2021

At the beginning of December, Arete Group was managing a portfolio of 11 industrial properties for its fund ARETE INVEST CEEII. But by the 10th, the company was announcing that it found a single buyer for the assets – a Singapore stock exchange listed entity in deal JLL assisted it with. Arete co-founder Robert Ides admits that plenty of people have expressed amazement at their decision to sell, asking what the company will do now with no assets to manage. But he claims that unfamiliarity with the closed-end fund structure in Arete's home markets of Czechia and Slovakia . . .



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