Fund in 60 seconds.
Premium residential development in Prague’s most sought-after locations.
Key facts for a quick assessment of the investment opportunity.
Premium projects. Strong economics. Partner capital.
The fund invests in premium Top Estates residential projects in the most sought-after locations in Prague, which hold a final building permit before the fund capital enters. The current pipeline reaches an average modelled project equity IRR of around 30 %, creating a strong economic buffer for the target return of the investor classes.
Exceptional projects.
Exceptional locations.
Specific projects that meet our investment strategy and are being prepared for financing through the fund.
The fund
at a glance.
The target return of investor share classes is stated after expected ongoing fund costs, before investor-level taxation and before any applicable entry fee. The exact terms are set out in the sub-fund statute and the KID of the relevant share class.
Five principles
behind
investor protection.
Projects financed by the fund will have a final and legally effective building permit. The investor therefore does not bear the primary risk of the early permitting phase.
Projects enter the fund at documented acquisition and preparation costs, not at an expected future value.
Partners receive investment shares for contributed projects and their capital remains invested in the fund.
The economic protection layer of investor share classes consists of partner shares, partner capital and the future economic performance of the projects.
Investor share classes have an 8% p.a. preferred return. Any shortfall is topped up from Class M in accordance with the fund statute.
Once access is granted, the investor sees selected live data directly from Project Control — the same system in which the responsible project team actually manages the projects.
Value is created through active development.
Value is created through disciplined acquisition, architecture, product design, permitting, cost management and execution — not merely through market appreciation or accounting revaluation.
Off-market sourcing and disciplined entry pricing.
Architecture, product definition and feasibility.
Zoning and permitting — the main value inflection.
Cost control and execution management.
Sale of units and realization of investor payout and project profit.
A track record
of real execution.
The stated IRR represents project equity IRR of Top Estates companies after taxes and costs, calculated from actually realised cash flows.
Independent
institutional framework.
Two numbers,
no hidden layers.
The target return of 11–13% p.a. is stated after expected ongoing fund costs, before investor-level taxation and before any applicable entry fee.
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