/en/article/20377/cs-nemovitostni-fund-boosts-its-performance/ ČS nemovitostní fund boosts its performance
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ČS nemovitostní fund boosts its performance

ČS nemovitostní (Česká spořitelna real estate) investment fund managed by Česká spořitelna´s investment company REICO reached appreciation of 3.74% in 11 months of this year, which is an increase of about 0.3% compared to the same period last year. “The achieved revenue confirms the fund´s growing performance in connection with expanding its portfolio of real estate fund by the Melantrich building last year,” said Tomáš Trčka, CEO of investment company REICO and he added: “The main source of the fund´s income are rents from buildings, which will exceed CZK 180 million this year.“

Currently, ČS nemovitostní fund´s portfolio includes seven commercial properties in the Czech and Slovak Republics and is the largest and oldest open real estate fund in the country.

Author: SF / pb, Date 29.11.2011