The REICO NEMOVITOSTNÍ Fund is adding another project to its residential rental housing portfolio – Stodůlky Residential in Prague. The fund has reached an agreement with the FINEP development group to purchase it.
The residence is located directly on metro line B and within easy reach of Václav Havel Airport. The residential complex is part of the Britská čtvrť project and consists of 3 apartment buildings of 10,400 sqm with 219 apartments. Construction work will begin in April 2025, and the first tenants will be able to move in within three years.
“I believe that institutional rental housing, which is currently being de facto created in the Czech Republic, will help at least partially solve the housing issue, and I am glad that we are part of it. In addition to the higher stability of the fund, which this segment brings thanks to diversification, we also expect a higher return, because residential housing brings both rental income and growth in the capital value of the investment,” said Dušan Sýkora, Chairman of the Board of Directors at REICO IS EAM.
“We see rental housing not only as an economic opportunity but also as a real answer to the changing needs of society. Today, people are looking for flexibility, security and accessibility – and well-designed rental projects in attractive locations can be the answer to all three challenges at the same time,” added Ing. Tomáš Pardubický, CEO at FINEP.
The project is being developed in cooperation with the investment company Ungelt Group, which has long been focused on development, investment and property management.
The REICO NEMOVITOSTNÍ Fund was founded in February 2007 and currently owns nine properties in the Czech Republic, six in Slovakia and five in Poland with a current market value of almost CZK 38 billion (€1.5 billion). As of the end of March 2025, 140,000 shareholders had invested in the RN fund and the fund's yield for the last 12 months was 4.38% (as of March 31, 2025).
