NOVA Hotels

NOVA Hotels

Basic Data

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.
Auditor FSG Finaudit
Supervisory authority Czech National Bank
Law and accounting system Czech Republic
Fund taxation 5 % from profit

Investment Objective

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.

Information commitment