The real estate fund Bemett is planning to make its debut on the Prague Stock Exchange, with an IPO worth CZK 50m. Bemett will be the 15th real estate fund to hit the Prague Stock Exchange since the beginning of the year. The fund manages a portfolio of real estate projects worth CZK 300m in Prague and Brno and reported CZK 35m in net profits in 2014. Unimex is currently the leading real estate fund traded on the Prague Stock Exchange, with CZK 4bn in assets. Tax optimization may be the reason why so many real estate funds are opting for IPOs. Czech legislation allows them to pay a mere 5 percent instead of the standard 19 percent if they are publicly traded, writes the server e15.
