Following on the heels of selling an 11-asset fund to Cromwell European REIT for €113m, Arete Group has bought the first property for its new fund ARETE INDUSTRIAL. Completed in December, the €10m deal was for a production and storage facility in Kežmarok, Slovakia for the German company Hengstler. The facility also serves as a global R&D center. Hengstler is part of the American-based technological group FORTIVE. Arete Group's co-founder Lubor Svoboda said the acquisition of the 10,000 sqm asset (which can be expanded by nearly 5,000 sqm) shows Arete's . . .
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