Savills : to advise Arete Invest Fund on leasing industrial premises in Lovosice, Czech Republic

The Arete Invest Fund has appointed international real estate advisor Savills as its leasing consultant on the Lovosice Business Park, in northern Czech Republic.

Lovosice Business Park comprises more than 20,000 sqm industrial space with 7,000 sqm available to lease from April 2018. A further 12,000 sqm is expected to be added in the near future. Current tenants include Fiege, who services to Zalando (on-line retail) and Fukoku (automotive parts). Nearby, Czech Post has a large terminal. The property is strategically located close to the Czech - German border on the D8 motorway, which is the main road route between Prague and Dresden. Lovosice also has good rail and river transport connections.

Tomáš Novotný, Arete's Investment Committee, comments: 'Our current situation reflects the increased demand for production and storage areas. The best way to manage this enormous lease interest of our premises was to find a strategic partner and we are confident that Savills will provide us with the very best service.'

Jaroslav Kaizr, Head of Leasing Agency, Savills Czech and Slovak Republics, says: 'Lovosice is a great location for production and storage. From April 2018, Lovosice Business Park will offer a top specification unit of 7,000 sq m and has been granted rights to store detergents and drugstores, which in combination with excellent technical parameters, including a sufficient number of hydraulic ramps, direct entrances and side loading ramps, will create an exceptional facitly. In addition, Arete Invest can also offer the development of industrial units ranging from about 1,500 sq m to 6,000 sq m. We are pleased to be working with Arete Invest on the project.'