DELTA legal again cooperated with the INVESTIKA Real Estate Fund in the acquisition of a historic property

The U Zvonařky villa has a new owner. The historic building with an area of more than 750 square metres situated in one of the most attractive locations of Prague – Vinohrady has been part of the INVESTIKA Real Estate Fund’s portfolio since last October.

This is a trophy property whose value is expected to grow over time as there are only a very limited number of similar properties. The property was acquired within bankruptcy proceedings, which required a specific solution both during the due diligence prior to its purchase and the following negotiation of the contractual documentation. Libor Vacek and Pavel Fára took on this challenge and secured a smooth transaction with the support of the whole DELTA legal team.

INVESTIKA, investiční společnost, a.s. is an investment company operating on the Czech market since mid-2015 and currently managing two investment funds. INVESTIKA Real Estate Fund, an open-end mutual fund, is a special real estate fund intended for the general public with a minimum investment of only several hundred Czech crowns. In the three plus years of its successful existence, INVESTIKA Real Estate Fund already ranks among the top three Czech real estate funds focused on retail investors, with assets of almost CZK 3 billion and average annual profitability exceeding 5%. The fund currently owns through real estate companies 16 properties in Prague, Plzen and Liberec, but also in smaller Czech cities across several regions, thus ensuring the geographic diversity of the portfolio. Significant tenants include Adidas, Siemens, ČSOB, Generali, ADP, Deloitte, Moneta, C.S.CARGO and others. You can find more information on the website www.investika.cz.