by Property Forum
Czech developer IKONIX has taken an equity stake in NEMOMAX, a qualified investors' fund managed by the AVANT group, and will assume responsibility for the management of its development projects. AVANT remains the fund's manager and administrator and will continue to raise capital for its growth. Together, the partners plan to invest more than CZK 1 billion annually in new real estate projects, with an ambition to rank NEMOMAX among the three largest real estate qualified investors' funds in the Czech Republic by fund capital within three years.
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