7 February 2023
Clifford Chance advised ARETE in relation to financing of the fund's portfolio in excess of 100 million euros
Clifford Chance is proud to have provided legal advice to ARETE, the investment and real estate group, in connection with the bank financing of its portfolio in excess of one hundred million euros. This milestone transaction, which amounts to two and half billion crowns, was signed with a consortium of banks Česká spořitelna and Slovenská sporiteľňa. The financing will be used for the construction of new industrial parks by Arete's development team and planned acquisitions of industrial income properties, which ARETE group focuses on.
"We are thrilled to have been a part of such a significant transaction for ARETE," said Miloš Felgr, a partner at Clifford Chance. "Our team worked closely with ARETE and the consortium of banks to ensure a smooth and successful outcome. We look forward to continuing to support ARETE in their future endeavours."
The Clifford Chance team working on this financing was led by Senior Associate Dominik Vojta and supervised by Prague Partner Miloš Felgr. The team was further supported by Senior Associates Stanislav Holec and Tereza Řehořová with additional support from junior colleagues.