REICO LONG LEASE fund acquires logistics park Rokycany in Czech Republic
by CIJ News iDesk III 
2025-06-17 
logistics
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REICO LONG LEASE fund has acquired Logistics Park Rokycany in the Czech Republic, marking its second acquisition in a week and the seventh property in its portfolio. The open-ended fund, managed by REICO investiční společnost Erste Asset Management, continues to expand its presence across Central Europe with long-term leased assets. The recently acquired logistics facility, located in the Pilsen region near the D5 motorway, offers close to 30,000 square metres of warehouse and office space. Completed in December 2023, the property includes extensive parking and handling areas. It is leased to Duvenbeck on a nearly 15-year lease term and serves as the company’s largest transhipment centre in Europe. The project has achieved BREEAM Very Good certification, reflecting adherence to established ESG standards. Its location along the D5 motorway provides access to both domestic and international transport routes, placing it in one of the Czech Republic’s key logistics zones. The region is second only to Prague in terms of industrial market size and has a current vacancy rate of 2.4%. Thomas Duvenbeck Immobilien, the tenant, has operated in the Czech market for over 25 years and has an 80-year global track record. The company provides freight transport services, logistics, and forwarding solutions across the EU. The transaction follows recent acquisitions in Slovakia and Poland and aligns with the fund’s strategy of securing properties with long-term lease agreements and stable tenants. According to Dušan Sýkora, Chairman of the Board of Directors at REICO, this acquisition contributes to the fund’s long-term return objectives and places available capital under favourable conditions. The property was acquired from ARETE, with legal, financial, and technical support provided by Wilsons, ASB, Savills, and iO Partners. With this acquisition, real estate assets now represent 81% of the fund’s portfolio, which has an estimated market value of approximately CZK 6.1 billion. By the end of May 2025, nearly 56,000 shareholders were invested in the fund. REICO LONG LEASE fund was launched in May 2021 and is designed for conservative to moderately dynamic investors seeking stable returns from real estate-backed investments. Its current portfolio includes properties in the Czech Republic, Poland, and Slovakia, with a target annual return of 4 to 6%.