ARTICLES LABELLED WITH TAG fund

The First Real Estate Fund of IAD Investments (Prvý realitný fond) enlarged its Slovak part of the portfolio with a logistics hall with an administrative building in the Pharos location near Bratislava Airport.

Accolade Industrial Fund reported a crown appreciation of 4.23% in the second quarter of this year. For the entire first half of 2022, the fund achieved an appreciation of 5.45%. These figures were driven primarily by rental growth in the fund's portfolio of 1.2 million sqm of industrial property.  

Peakside Capital Advisors has completed the disposal of the 240,000 sqm portfolio of a CEE value-add real estate investment venture. Sales proceeds totalled over €160 million, generating an IRR of 20% and an equity multiple of over 1.7x for Peakside investors.

pbb Deutsche Pfandbriefbank has provided a €118 million credit facility to REICO ČS NEMOVITOSTNÍ, the biggest open-ended real estate fund on the Czech market, managed by REICO, an investment company of Česká spořitelna. The facility will be used to fund the acquisition of two newly built logistic properties in Upper Silesia as well as for the refinancing of an office building in Warsaw.

KGAL has acquired Charles Square Center, a multi-tenant office property in downtown Prague, from Commerz Real, the company announced today.

Zdeněk Tůma the former governor of the Czech National Bank (2000-2010), portfolio manager Martin Pětivoký and Martin Hubinger , the owner of residential developer Realism, have founded IRQ Funds and are launching a new fund named IRQ Residential Rental for qualified investors focused on rental housing.

The third fund of Czech investor Arete Group has acquired a modern, highly specialized production facility with a research and development centre and with the potential for further development in Kežmarok, Slovakia. The value of the investment exceeded €10 million.

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has successfully launched the first property fund that sets out to be compliant with the 2015 Paris Agreement, a landmark agreement that brought nations together to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. 

Ott Ventures, the private equity arm and fund management platform run by Orco Property Group and MaMaison Hotels & Residences founder Ott Properties, has announced the launch of its first hotel fund, Velvet. The pan-European investment vehicle is targeting total assets under management of €500 million with a planned LTV of 50%. It will invest across Europe with a focus on the main Central European markets of Poland, Czech Republic and Hungary as well as Germany and Austria.

Palmira Capital Partners, one of the leading sector specialists in European logistics and industrial properties, has launched the Palmira European Core Logistics Fund.