Fond Českého Bydlení (the Czech Housing Fund), a specialist in residential rental housing investments, has completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the Fund’s portfolio, covering a total area of nearly 20,000 square meters. With this transaction, valued in the tens of millions of euros, the Fund has more than doubled its portfolio size. The volume of assets of Fond Českého Bydlení has thus currently exceeded EUR 40 million (CZK 1 billion). The Fund purchased these properties from Czech Home Capital.
Jakub Kořínek, co-founder of Fond Českého Bydlení, says: “Our long-term goal is to maintain the Fund’s stable performance. The two new acquisitions represent profitable investments and will help us achieve a yield competitive or better than last year when we achieved an 8.27 percent p.a. annual appreciation. Investors who joined our Fund at the beginning have already seen their investments appreciate by over 50 percent. “
“Fond Českého Bydlení, which we founded in 2018, was the first fund in the Czech Republic to focus exclusively on rental housing. Our decision to invest in rental housing, particularly in regional areas, has proven to be the right one. This strategy has ensured consistent appreciation year after year. We are now actively working on other acquisitions that will further strengthen our portfolio,” adds Jakub Kořínek.
The newly acquired properties are attractive not only because of their size but also because of their attractive locations. The apartment building in Beroun includes 55 apartments with an average apartment size of 38 sqm, while the building in Chomutov has 258 apartments with an average apartment size of 56 sqm. “Beroun is a very attractive town close to Prague, with complete public amenities and excellent transport accessibility. With rising property prices in the largest cities, we are increasingly investing in smaller towns and catchment areas. Chomutov represents an area with low prices and significant growth potential,” explains Kořínek.
Chomutov is benefiting from the construction of the D7 motorway, which will significantly shorten the distance to Prague and other key locations. This development makes Chomutov an affordable alternative for residents who work in the Kladno, Slaný or Louny area. “Both properties are occupied by stable and proven tenants, ensuring strong cash flow from the start of the investment. The buildings have been well managed for a long time, but we plan to revitalise them further in the future,” adds Kořínek.
Currently, the portfolio of Fond Českého Bydlení comprises 20 properties in twelve locations in the Czech Republic and Slovakia. The total lettable area of these properties is 29,327 sqm and includes 487 residential and non-residential units. “Fond Českého Bydlení continues to profile as a stable and promising investment instrument in the rental housing sector with an emphasis on long-term value and sustainable yields for its investors,” concludes Jakub Kořínek.
