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.