Friday, 12 June 2026
Czech real estate investment fund CASPYAN FUND SICAV has reported a successful first full year of operations, surpassing CZK 100 million in capital raised from qualified investors and growing net asset value to more than CZK 463 million.
The fund said 2025 marked an important transition from founder financing to an open-market investment model. New capital from external investors was used to accelerate project preparation and development activity across its Prague-focused portfolio.
CASPYAN’s RE/MIX sub-fund combines investments in residential development projects with income-generating properties. According to the fund, this strategy enabled it to exceed its targeted annual return of 10% during 2025.
“Launching and successfully establishing a new real estate fund in the highly competitive Czech market required significant effort, careful project preparation and, above all, the trust of our co-investors,” said Kamil Jankovský, Member of the Supervisory Board of CASPYAN. “The fact that new partners have joined us confirms that our focus on transparency and premium Prague locations has been the right strategy.”
The fund’s flagship project is Konstanta Karlín, a mixed-use development in Prague’s Karlín district. The scheme will comprise premium residential units and commercial space distributed across two interconnected buildings linked by a pedestrian passage connecting Kollárova Street with an inner courtyard garden.
CASPYAN’s portfolio in Karlín also includes the completed Fabrička office building, created through the redevelopment of a former steam power plant associated with Czech electrical engineering pioneer František Křižík, as well as a residential property on Kollárova Street that remains fully leased.
The fund’s largest investment exposure is linked to the ongoing redevelopment of the Dvory Vysočany brownfield site in Prague 9. The mixed-use project, which includes residential, office and retail components, entered its first development phase at the end of 2025.
Once completed, Dvory Vysočany is expected to deliver up to 600 residential units, making it one of the most significant projects within the fund’s portfolio.
CASPYAN said continued inflows of investor capital will support further acquisitions in the coming months as it seeks to expand its portfolio and maintain long-term growth.
