Key data

Project name

Residential Fund Prague (FULLY FUNDED)

Location

Zilinska Street, Prague, Czech Republic

Pod Dráhou Street, Prague, Czech Republic

Gotthardská, Prague, Czech Republic

Initiator

REALIANCE Europe B.V.

Local partner

GEONE Real Estate a.s.

Category

Two new developments of a total of 111 apartments and an existing city villa with 10 apartments 

Projected investment term 

36 months, completion Q2 2022 

Exit strategy

Sale to end investor(s) and/ or through refinancing 

Equity Residential fund Prague LP (Dutch CV) 

€ 4,500,000

Equity local partner 

€ 3,400,276

Structure

Issue of participations in Residential Fund Prague LP, which acquires a participation in three Czech project companies

Participation

From 4 participations of € 25,000 (minimum of € 100,000) 

Projected total return 

46.4% after 36 months 

Projected return (ROI) 

15.5 % per year 

Unique selling points

Prague is an economically attractive city for a real estate investment because of its strong housing market, good demographic outlook and the lowest unemployment rate in Europe. 

Demographic growth, structurally high employment and sharply rising costs for owner-occupied apartments benefit the rental apartment market in Prague, which resulted in a rent increase of more than 4% last year. 

The demand for apartments is high, with the rental market being a relatively young phenomenon. 

Balanced mix of three projects at different locations and in different real estate segments, so that risks are spread. 

The project locations are conveniently located for employment centres, in transformation areas directly on the river and in the beautiful embassy district. 

Significant risk mitigation due to the advanced stage of pre-development. The site plan has already been approved. 

Subordination of local partner’s equity in the two development projects. 

As a developer, the local partner is very experienced with Prague as its home market. 

GEONE participates in the project partnership for € 3.4 million (44%).  

For more information you can reach REALIANCE at +31 (0) 20 21 03 180 or invest@realiance.nl