|Fund type||Open-end fund of qualified investors|
|Fund focus/objective||Real estate management companies targeting hotel industry|
|Investment strategy||The Fund focuses on direct and indirect investments in new projects and the development of business plans, especially in the area of real estate, in particular hotel industry, implementation of residential projects and investments in land for development purposes with potential further increase in value/appreciation.|
|Issued volume/Fund size||EUR 45,500,000|
|Issued security||Registered unit certificates|
|Fund duration||Since 18 August 2015 for an indefinite period of time|
|Minimum client’s investment/Initial capital requirement||In case of qualified investors in compliance with Section 272 (1) (a) to (h) ZISIF, EUR 125,000 / CZK 3,500,000|
|Fund manager||REDSIDE, Fund Management.|
|Management costs||Costs related to Fund’s asset management settled from the Fund shall not exceed 1.95 % of fund’s capital annually.|
|Performance fee||30 % from annual yield of the Fund over 10% IRR|
|Depository||Česká spořitelna, a.s.|
|Supervisory authority||Czech National Bank|
|Law and accounting system||Czech Republic|
|Fund taxation||5 % from profit|
The investment objective consists in long-term appreciation of financial means invested by Fund’s shareholders, particularly through direct and indirect investments in new projects and development of business plans, especially in the area of real estate and property management companies (SPV’s) preferably, but not exclusively targeting hotel industry and residential projects.
The Fund invests mainly in the following real estate:
- office buildings and centres,
- logistics parks,
- residential projects,
- hotel complexes,
- investment in land for development purposes etc.
The Fund is a qualified investors fund with focus on direct and indirect investments in new projects and development of business plans, especially in the area of real estate, in particular the hotel industry, implementation of residential projects and investments in land for development purposes with potential further appreciation.
Additionally, the Fund may, except for the above mentioned assets, take advantage of investment instruments on domestic as well as foreign financial markets, including investments in valuable rights and debt-claims.