Realia Fund Sicav has ended the previous year by acquiring a retail park in Stod City in the Pilsen region. With the completion of this purchase, the value of the fund's portfolio rose to CZK 2.35 billion (€93 million).
The retail park in Stod includes four tenants: the Penny food chain, Teta drug store, Mountfield and Press Media Tobacco. "The new addition to the Realia fund fits well with our investment strategy, which focuses exclusively on investments in quality, fully leased retail parks with long-term leases. This acquisition will enable us to generate regular rental income immediately after joining the fund and strengthen our position on the Czech market," says Tomáš Oplíštil, Member of the fund's investment committee and Commercial Director at Realia Group.
The Realia fund owns 19 retail parks valued at CZK 2.35 billion. All parks are fully leased. Lease contracts are usually concluded for five to ten years.
