Czech Housing Fund (Fond Ceskeho Bydlení SICAV) has expanded its growing residential portfolio with the acquisition of three multifamily buildings totalling 342 rental units and over 14,000 m² of leasable space. Located across Brno and Ostrava, the properties were acquired for a sum in the high hundreds of millions CZK, representing a strategic push into high-demand urban rental markets. Legal counsel was provided by Glatzová & Co., with technical due diligence by Bytecheck.
The acquisitions include a centrally located building on Peka?ská Street in Brno and two assets in Ostrava’s Adamusova and Cihelní streets, purchased from Czech Home Capital. The move brings the Fund’s total portfolio to 24 assets across 14 locations in the Czech Republic and Slovakia, now valued at €74m and comprising 48,283 m² of lettable space. Investors in the fund since launch have seen a 64.07% return, underscoring the strategy’s resilience amid rising interest rates and constrained housing supply.
“I’m very pleased that we are successfully delivering on our vision and strategically increasing the value of our property portfolio,” said Jakub Korínek, Co-Founder of Czech Housing Fund. “These recent acquisitions are fully aligned with our strategy and are expected to become pillars of the Fund’s growth and income generation for our investors.”
The Brno property benefits from an exceptional city-centre location near Zelný trh and key amenities. Its under-market rents signal strong uplift potential, particularly as the Fund plans a phased renovation. In Ostrava, the gated Cihelní complex offers modern units unique to the local market, while Adamusova’s smaller, high-demand flats appeal to a broad tenant base in the well-connected Hrabuvka district.
The Czech rental housing sector continues to face an imbalance between supply and demand, particularly in urban regions. For developers and investors, the Fund’s portfolio strategy highlights the increasing appeal of scalable, income-generating residential assets that can be upgraded to enhance both capital value and tenant satisfaction.
“We maintain our properties in excellent condition, modernising and renovating them as needed. The same will apply to the Brno building, where we plan a phased, complete renovation. In Adamusova, Ostrava, we aim to refurbish twenty units. Both properties will benefit greatly from these improvements,” added Jakub Korínek.
People mentioned:
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Jakub Korínek, Co-Founder, Czech Housing Fund
Companies mentioned:
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Czech Housing Fund, (Fond Ceskeho Bydlení SICAV) residential investment fund
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Czech Home Capital, the previous owner of Ostrava assets
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Glatzová & Co., legal advisory
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Bytecheck, technical due diligence
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