The Reico Long Lease open-ended fund, managed by Reico investment company Erste Asset Management, is expanding its portfolio of properties with a new segment. Alongside office buildings, logistics centres and rental housing, it will now include a school building.
The fund's new acquisition is the Prague British International School (PBIS) - Libuš campus building. The property is located in a densely populated district in the southern part of Prague and is easily accessible by public transport. The planned metro line D, currently under construction and set to include a station in Libuš, will further improve accessibility. The campus has a capacity of 450 students.
"The Prague British International School campus building fits perfectly into our Reico Long Lease fund strategy. This is the first school in our portfolio, which further diversifies the fund's risk profile. I believe we will have even more educational facilities in the fund in the future," says Dušan Sýkora, Chairman of the Board of Reico IS EAM.
PBIS, founded in 2007 and formerly known as Prague British School (PBS), is an independent international day school with English-language instruction that provides British-style education for children aged 2 to 19.
The Reico Long Lease fund was launched in May 2021 and focuses on buildings with long-term leases and creditworthy tenants. It is designed as a complement to investment portfolios, particularly for conservative and moderately dynamic investors who want to increase their real estate component. The fund currently owns nine properties: four in the Czech Republic, three in Poland and two in Slovakia.
