The REALIA fund has stepped in with a new acquisition, this time the Hustopeče retail park in South Moravia. The retail park is fully leased with an average length of leases exceeding six years.
With the acquisition, the fund’s portfolio grew to 16 properties with a total value that is now over CZK 2bn (€79M). This retail park contains eight stores of renowned brands: ROSSMANN, SPORTISIMO, PEPCO, KiK, SUPER ZOO, DATART, Orion and Wiky. All tenants benefit from the immediate vicinity of the adjoining KAUFLAND hypermarket.
The fund of qualified investors REALIA FUND SICAV, which focuses exclusively on investments in regional retail parks, ended 2023 with an annual appreciation of 11.23 per cent (CZK investment shares) and 10.10 per cent (EUR investment shares). The fund’s performance is primarily driven by inflation and the financial instruments with which the fund keeps credit costs under control. The total number of investors grew to 369 in 2023, the fund’s assets climbed to CZK 1.125bn (€44.48M). Annual rental income amounts to CZK 146M (€5.77M).
