Wednesday, 7 October 2026
Erste Asset Management has completed the absorption of REICO’s investment management operations, bringing a property fund business with more than CZK 55 billion of assets into its wider Czech asset management platform.
The transaction took effect on 1 October 2026 and follows REICO’s transfer into Erste Asset Management ownership at the end of 2024. While REICO continued to operate as a separate investment company following that earlier change, the latest step completes its corporate integration into the Erste structure.
Management responsibilities for REICO NEMOVITOSTNÍ, REICO LONG LEASE, REICO EPB I and Dostupné bydlení ČR SICAV have moved to Erste Asset Management. The specialist real estate team responsible for the portfolios has transferred as part of the process.
The funds themselves remain separate investment vehicles and their underlying strategies have not been combined. For investors, the main change is therefore at management-company level rather than within the individual portfolios. Erste has indicated that continuity will be maintained in the operation of the funds.
REICO has been active in property investment since 2006 and has developed a portfolio extending beyond the Czech Republic into Poland and Slovakia. By late 2025, the business reported more than CZK 55 billion under management, giving the integration significance beyond a routine corporate restructuring.
The transaction also brings together different parts of Erste’s investment activities in the Czech market. Its Czech asset management operation reported approximately CZK 302 billion under management at the end of 2025, before REICO’s full integration. Real estate investment expertise will now sit directly alongside the group’s broader fund management activities.
REICO will nevertheless remain visible to investors. The name continues to be used for its established property funds, meaning the completion of the merger does not amount to the disappearance of the REICO investment brand. What has ended is REICO’s position as a standalone management company.
The move reflects a wider trend towards consolidation in European asset management, where larger financial groups are bringing specialist investment businesses onto common platforms while retaining established product identities. In Erste’s case, the transaction creates a more unified structure for managing a sizeable Central European property investment business covering commercial real estate and residential strategies.
