The Czech business mogul Igor Fait has set up a new real estate investment fund to attract investors interested in collecting rent from warehouses, industrial facilities and office buildings. Jet Industrial Lease will cater to qualified investors capable of investing a minimum of CZK 5 million beginning in November. The plan is to collect CZK 1 billion within the first year and another CZK 14 billion within five years. Smaller investments will be handled through its partner Conseq group and the annual return for investors being targeted is 8 percent. It’s a new venture for Fait, whose two private equity activities have earned him an estimated CZK 3.2 billion. He told Hospodarske noviny about his plans back in May. “A lot of our investors have been asking us in recent years why we don’t want to go into real estate, that the would like to do it with us. And because we have experience with industrial firms we can evaluate the bonity of tenants well and we understand their business better than classic real estate companies,” he said then. Fait’s fund is betting that the pandemic will have put cash flow pressure on some industrial companies, forcing them to consider selling off the buildings where they do their work.
