Fond Českého Bydlení SICAV/ The Czech Housing Fund (the “Fund”), specialising in investments in residential rental housing, has completed three new acquisitions of apartment buildings – one in Brno (Pekařská Street) and two from Czech Home Capital in Ostrava (Adamusova and Cihelní Streets). These properties together comprise 342 units with a total leasable area of over 14,000 sqm. The transactions are valued in the high hundreds of millions of Czech crowns. Legal advisory services were provided by Glatzová & Co., and technical due diligence by Bytecheck, s.r.o.
“I’m very pleased that we are successfully delivering on our vision and strategically increasing the value of our property portfolio,” said Jakub Kořínek, co-founder of Fond Českého Bydlení. “These recent acquisitions are fully aligned with our strategy and are expected to become pillars of the Fund’s growth and income generation for our investors. Those who joined the Fund at its start have seen a return of 64.07 percent.”
Over the past eight months, Fond Českého Bydlení has significantly strengthened its position in the residential rental market. Through a series of strategic acquisitions, the value of its portfolio has nearly quadrupled to CZK 1.824 billion (€74 million), now comprising 895 residential and non-residential units with a total leasable area of 48,283 sqm.
Three new acquisitions: Brno and two properties in Ostrava
Brno – Pekařská Street – The newly acquired building is located in an attractive location in Brno’s historic centre, close to Zelný trh, hospitals, and schools. The property previously had undervalued rents, representing a significant investment opportunity.
“We maintain our properties in excellent condition, modernizing and renovating them as needed. The same will apply to the Brno building, where we plan a phased, complete renovation. In Adamusova, Ostrava, we aim to refurbish twenty units. Both properties will benefit greatly from these improvements,” adds Jakub Kořínek.
Ostrava – Cihelní Street – This residential complex, within walking distance of Ostrava’s city centre, offers modern and fully equipped apartments—unique in the Ostrava market. Located in an area with strong potential for further development, the gated property provides a high level of comfort, making it an exceptionally attractive residential investment. It aligns with the Fund’s strategy of promoting long-term sustainability and quality in rental housing.
Ostrava – Adamusova Street – The third new acquisition is located in the popular Hrabůvka housing estate, which boasts full civic amenities and excellent transport links. The property consists mainly of smaller residential units, with an average size of 36 sqm, for which there is sustained high demand.
Currently, the Czech Housing Fund’s portfolio consists of 24 properties across fourteen locations in the Czech Republic and Slovakia. The Fund continues to meet its long-term goals of stable performance, expansion, and asset value growth. In 2024, it achieved an annual return of 9.44 percent p.a. and was ranked among the three best-performing real estate funds of the year by the portal Nemovitostni-fondy.cz.
