REALIA FUND SICAV, a.s. (“REALIA”), a qualified investor fund that has long focused exclusively on regional retail parks, is strengthening its position with the purchase of a retail park in Moravská Třebová. The fund’s portfolio has grown to 15 properties with a total value of over CZK 1.7 billion.
The purchased property is located in the outskirts of Moravská Třebová in the Pardubice Region and is located next to a new KAUFLAND branch. The retail park has 3,400 sqm of leasable area and operates seven retail units. The main tenants include proven brands such as ROSSMANN, TEDi, SUPER ZOO and DATART. This acquisition is in line with REALIA Fund’s investment strategy, which focuses on investing in 100% leased retail parks with creditworthy tenants whose services are oriented towards the basic needs of residents, such as groceries, drugstores and pharmacy supplies. The retail park is fully leased with average lease lengths in excess of 6 years.
REALIA FUND SICAV, a.s. is open to qualified investors and allows to invest in retail parks, where the minimum investment is CZK 1 million or equivalent value in euros. For the year 2022, it delivered to its investors an appreciation of 15.15% (CZK investment shares) and 14.43% (EUR investment shares), respectively. These results confirm the high resilience of this fund even in volatile economic conditions. The high inflation of last year had only a partial impact on the Fund’s performance and its impact will also be reflected in the Fund’s results for this year. All leases are subject to an inflation clause which helps to maintain or increase the value of the invested property.
“Our strategy of focusing on 100% leased retail parks and careful selection of individual investments has enabled us to achieve these superior returns. We are continuing our acquisitions and we want to continue to deliver attractive and stable appreciation to our investors,” adds Tomáš Oplíštil.
Since its inception in January 2020, the fund has preferred a conservative approach to its investments. The fund has built an exceptional reputation thanks to its cautious investment selection. The fund complements its acquisitions of retail parks with bank financing, always at fixed interest rates. This strategy in particular is now proving to be the right choice for a conservatively managed fund.
Currently, the REALIA fund owns 15 buildings with a total value of over CZK 1.7 billion. The properties are located across the country, for example in České Budějovice, Benešov, Pelhřimov, Kladno or Valašské Meziříčí. All parks are fully occupied by tenants who have concluded long-term contracts, usually five to ten years. The average time to the end of lease contracts (WAULT) is over 6 years. The most important tenants include BILLA, LIDL, KFC, DM drogerie, PENNY and many others.
