News Article Czech Republic investment resort Trigema
by Property Forum | Investment

Trigema Group is expanding its portfolio of ski resorts. After the ski resorts Monínec in Central Bohemia and Samota near Železná Ruda in Šumava, it is heading to the Krkonoše Mountains, where it is buying the ski resort in Rokytnice nad Jizerou. The price was not specified, but Trigema intends to invest CZK 1.3 billion (€53.4 million) in the area, mainly in the Horní Domky and Studenov parts, writes online daily

"The purchase of the Rokytnice nad Jizerou ski resort is an opportunity that fits in with our vision to further develop one of our investment pillars. We have been building places for adventure and leisure for more than 15 years and being part of one of the largest ski centres in the Krkonoše was a great motivation for us," said Marcel Soural, CEO of Trigema.

The planned investment of CZK 1.3 billion (€53.4 million) includes three main areas that need to be addressed. "First of all, the water needed for snowmaking. And its source is noticeably lacking here. We are therefore going to build a reservoir. Then we are going to modernise the snowmaking system. And finally, to modernise the transport facilities and build new ones. For example, we are planning to connect Horní Domky with Studenov by a new cable car, which should be a big step forward for visitors," said Soural. The speed of investment will depend on the approval of the new master plan, he said. Trigema will become the new owner of the Spartak Rokytnice joint stock company. The latter has a share capital of CZK 229 million (€9.407 million), according to the commercial register. 

The ski resort in Rokytnice, with 20 kilometres of slopes, two four-seater lifts and ten lifts, is the fifth largest in the country.