Fond Českého Bydlení SICAV, the Czech housing fund, specialising in investments in residential rental housing, has completed three new acquisitions of apartment buildings in Brno in Ostrava.
These properties together comprise 342 units with a total leasable area of over 14,000 sqm. The transactions are valued in the high hundreds of millions of Czech crowns. Legal advisory services were provided by Glatzová & Co., and technical due diligence by Bytecheck, s.r.o.
Over the past eight months, Fond Českého Bydlení has strengthened its position in the residential rental market. Through a series of strategic acquisitions, the value of its portfolio has nearly quadrupled to CZK 1.824 billion (€74 million), now comprising 895 residential and non-residential units with a total leasable area of 48,283 sqm.
The newly acquired building is located in an attractive location in Brno’s historic centre, close to Zelný trh, hospitals, and schools. The property previously had undervalued rents, representing a significant investment opportunity.
The residential complex in Ostrava, Cihelní Street, within walking distance of Ostrava’s city centre, offers modern and fully equipped apartments. The third new acquisition is located in the popular Hrabůvka housing estate. The property consists mainly of smaller residential units, with an average size of 36 sq m, for which there is sustained high demand.
Currently, the Czech Housing Fund’s portfolio consists of 24 properties across fourteen locations in the Czech Republic and Slovakia.
