Saturday, 15 March 2025
The Český Bydlení SICAV Fund, an investor in residential rental housing, has expanded its portfolio with the acquisition of an apartment building in Příbor, located in the Ostrava region. The newly acquired property adds 64 apartments with a total area of approximately 4,500 square meters to the Fund’s holdings. The transaction, valued in the lower hundreds of millions of crowns, has increased the Fund’s total assets to CZK 1.1 billion.
The property was purchased from Heimstaden Czech s.r.o., with Glatzová & Co. serving as the transaction advisor and Bytecheck, s.r.o. providing technical due diligence.
“This year, we are focused on expanding our portfolio. Following recent acquisitions in Beroun and Chomutov, the apartment building in Příbor marks our third investment in the last quarter,” said Jakub Kořínek, co-founder of the Czech Housing Fund. “We see many opportunities in the market and expect to continue strengthening our portfolio.”
Investment in Regional Rental Housing Yields Strong Returns
The Czech Housing Fund has seen strong performance in the regional rental housing sector, achieving an annual appreciation of 11.31% as of November 2024.
The Ostrava region remains a key focus for the Fund due to its stability and attractive yields. “We already own several well-performing properties in the Ostrava region, which is why we continue to prioritize it in our investment strategy,” explained Kořínek. The newly acquired Příbor residential building offers spacious apartments averaging 70 square meters and benefits from its proximity to Ostrava, ensuring excellent access to employment opportunities.
“The region continues to show growing demand, and in a national comparison, it offers attractive rental yields. The property is already 99% occupied by long-term tenants, and we plan gradual modernization to enhance its value further,” Kořínek added.
With this latest acquisition, the Czech Housing Fund reaffirms its commitment to expanding its presence in the Czech rental market, leveraging strategic investments in high-demand regional locations.
