ARTICLES LABELLED WITH TAG Czech Republic

The international developer UDI Group has opened a fund of qualified investors. It is intended for private and institutional investors. In addition to funds or banks, large private investors can also invest in the fund. The lowest possible deposit is CZK 1 million (€40,000). In the future, the fund will also include sub-funds aimed at financing individual large projects. In the first phase, the General sub-fund is opened, which will invest in the UDI Group as a whole, and the Conservative sub-fund invests in loans for individual projects. To investors, the fund will offer appreciation in a more conservative form with a guarantee of a minimum return of 6.5% per year, with a premium return of around 15% per year expected. The status and statutes of the fund were checked and approved by the CNB.

The real estate market in the Czech Republic has recently been most influenced by the overall economic situation associated with current events in Europe including the war in Ukraine, expensive energy prices and high interest rates. According to 2023 PSN data in the residential segment, the situation is favourable for investor purchases.

Real estate investor and fund manager Cromwell Property Group announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund (CPRF), to Star Capital Finance for €285 million.

The Prague Hilton, the largest hotel in the Czech Republic, offering almost eight hundred rooms and more than 7.000 sqm of space for holding conferences, may be changing owners soon, informs e15.cz.

The mixed-use Residence Stodolní by developer Linkcity is replacing a complex of dilapidated buildings in the existing central development right next to the Plato modern art gallery in Ostrava. The whole area is transforming thanks to a new pedestrian zone with greenery as a joint investment of the city and the developer.

CPIPG has announced the closing of €500 million of 5-year senior unsecured green bonds. More than €3 billion of orders have been placed for the green bonds, the strongest-ever response to a bond issue by CPIPG.

The path to cheaper mortgages, and more affordable housing, is still not easy in the Czech Republic. According to the Swiss Life Hypoindex, the average offer rate of mortgage loans in the Czech Republic has reached 5.52% p.a.

YIT has signed agreements to establish three joint ventures with the Czech investment group RSJ Investments in Lithuania, Latvia, and Slovakia. YIT is selling plots or projects under construction to joint ventures under the same agreement.

CPI Property Group has announced an important step in its disposal programme. The company has completed the sale of its ski resort business in Crans Montana, Switzerland.

The execution of the extension of the Galeria Teplice shopping centre in northwestern Bohemia is planned for the third quarter of 2024. The project investor is the company Dandreet, and the general designer is Obermeyer Helika.