Kocian Solc Balastik has advised the Arete Group on securing a EUR 30 million loan from Raiffeisenbank. The Prague office of Clifford Chance advised the lender. Wilsons Slovakia advised Arete on Slovak aspects of the deal.
According to KSB, Arete Industrial Sicav, established in 2019 as the third real estate investment product of the Arete Group, will use the funds to grow its portfolio through selected acquisitions and new construction of industrial real estate projects.
KSB previously advised Arete on the sale of its portfolio of 11 logistics and industrial parks in the Czech Republic and Slovakia to Australia-based fund Cromwell (as reported by CEE Legal Matters on December 23, 2020). KSB also advised Arete on the refinancing of its CEE II sub-fund (as reported by CEE Legal Matters on June 15, 2020).
KSB's team included Partner Martin Krejci and Junior Lawyer Tomas Travnicek.
Clifford Chance’s team consisted of Partner Milos Felgr, Senior Associates Dominik Vojta and Stanislav Holec, and Junior Lawyers Matej Ridky and Andrej Havko.
The Wilsons team included Partner Robert Danis and Junior Lawyer Peter Kacer.