Caspyan Fund has launched the sale of residential units in the Konstanta Karlín project in Prague. The fund has been built on more than a decade of experience of its management in the real estate sector.
The residence with 44 apartments in various layouts represents the expansion of the fund. It has been operating on the Czech real estate market for more than a year, mainly focusing on investments in the dynamic residential market in the capital.
The fund's portfolio currently includes several assets concentrated in Karlín. Among the implemented projects is the sensitive conversion of the former steam power plant into the boutique office building Fabrička with approximately 1,000 sqm of leasable space on three floors. The same area also houses a renovated terraced house on Kollárova Street.
In addition to the implementation of the Konstanta Karlín project, the 1st phase of the Dvory Vysočany project is scheduled to begin at the end of this year. This is a large-scale revitalisation of a brownfield site in Nové Vysočany, Prague 9, which the fund is implementing as part of a joint venture with Corwin.
The fund's portfolio currently includes projects with the potential to deliver up to 450 residential units to the Prague market over a 3-5 year horizon. All projects have construction underway or will begin construction by the end of this year, which reduces implementation risks. Thanks to this strategy, the fund can offer its investors a target annual return of 10%.
