By 2024, the REALIA fund has stepped in with a new acquisition, this time the Hustopeče retail park in South Moravia. The retail park is fully leased with an average length of leases exceeding 6 years.
With the acquisition, the fund's portfolio grew to 16 properties with a total value that is now over CZK 2 billion (€79 million). This retail park contains 8 stores of renowned brands: ROSSMANN, SPORTISIMO, PEPCO, KiK, SUPER ZOO, DATART, Orion and Wiky. All tenants benefit from the immediate vicinity of the adjoining KAUFLAND hypermarket.
The fund of qualified investors REALIA FUND SICAV, which focuses exclusively on investments in regional retail parks, ended 2023 with an annual appreciation of 11.23% (CZK investment shares) and 10.10% (EUR investment shares). The fund's performance is primarily driven by inflation and the financial instruments with which the fund keeps credit costs under control. The total number of investors grew to 369 in 2023, the fund's assets climbed to CZK 1.125 billion (€44.48 million). Annual rental income amounts to CZK 146 million (€5.77 million).
The fund's returns last year are the result of a conservative strategy. Regularly collected rent increased mainly due to inflation clauses in all leases. However, what also helped was the financing strategy with fixed interest rates, usually for a five-year period. Thanks to this, the fund is not under the pressure of rising credit costs in terms of the current real estate portfolio.
