Reico opens investment period for resi project in Prague

21
Aug
2025
News - Reico opens investment period for resi project in Prague #BTR #Czech Republic #Erste Private Banking #FINEP #investment #Prague #REICO investiční společnost EAM #residential

by Property Forum | Investment

Reico Investment Company EAM has announced the opportunity to invest in residential rental housing as of August 20, 2025, to qualified investors primarily from the Erste Private Banking segment. The subscription period is set until September 30, 2025.


Reico wants to raise at least CZK 500 million (€20.4 million) from clients during this period. This is the first such fund in history that Reico will offer to its investors. Erste Private Banking clients will have the opportunity to invest in two interconnected apartment buildings as part of the Barrandov Cascades project through the new fund.

Both buildings will offer 207 residential units and 191 parking spaces. Their construction is scheduled to begin in December 2025 and will be implemented by Finep. The minimum investment amount is CZK 1 million (€40,775), and the recommended investment horizon is seven years.

Residential rental housing gains the attention of investors. Reico entered this segment last year when it acquired the Nový Opatov G1 building in Prague for the Reico real Estate fund. This year, the fund added a second Prague project, Stodůlky Residential. Both properties are also being built by Finep.




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New leases

  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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