Real Estate
CZECH REAL ESTATE INVESTMENT FUND
About the fund
Stable and diversified investments with low risk since 2016.
The Czech Real Estate Investment Fund, established in 2016, focuses on investments in existing commercial real estate in the Czech Republic and Poland, mainly in the retail, warehousing and light manufacturing sectors. Its strategy is aimed at conservative investors who prefer long-term stable appreciation with lower risk, benefiting from a high-quality rental real estate portfolio.
The fund maintains a high diversification of tenants, rental yields and locations across the Czech Republic and Poland. One of the Fund‘s recent acquisitions is an investment in residential units that are leased to tenants with long-term contracts. This provides investors with stability of returns from over three hundred commercial tenants and one hundred residential tenants.
On the market since 2016
26 international real estate projects
300+ quality tenants
Investment strategy
The fund strategy is based on the acquisition of commercial real estate with a suitable structure of lessees and a permanent stable return that can be predicted based on concluded long-term lease agreements. The planned return on share certificates for investors is +6%. The fund primarily focuses on regional retail parks with a dominant weight of sellers of foodstuffs and essential needs (groceries, pharmacies, drug stores, etc.), and on logistics buildings and light manufacturing premises. The selected strategy has shown to be correct and resilient to unexpected crises in the past years.
Why invest with us
Portfolio segment and regional diversification
We invest in various segments of commercial real estate in the entire Czech Republic and Poland. Lots of buildings, hundreds of creditworthy lessees and orientation on regions ensure the stability of the portfolio and its returns thanks to their diversification.
Creditworthy lessees with long-term contracts
Correct mix of lessees and long-term lease agreements are a key for stable income of the funds. The lessees are mainly large and financially strong multinational chains. The portfolio is characterised by its high and growing length of lease agreements.
Quality facility and property management
The care of the physical condition of buildings and quality of lease relationships has a significant impact on increasing the market value of properties and appreciation of invested funds. We look after more than 300 lessees in tens of properties in the Czech Republic and Poland.
Graph of the fund rate of return
Since its establishment, the fund brings a regular and stable yield to investors. Thanks to orientation on retail real estate, the level of risk is low.
Income tables
Estimated return on one-off investment
The calculation assumes an appreciation of 6% p.a. based on a moderate assumption for the future period. Entry fee of 2.5%.
Estimated return in CZK
| Submitted | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|
| CZK 50,000 | CZK 1,675 | CZK 8,062 | CZK 15,238 | CZK 37,304 |
| CZK 100,000 | CZK 3,350 | CZK 16,124 | CZK 30,477 | CZK 74,608 |
| CZK 150,000 | CZK 5,025 | CZK 24,186 | CZK 45,715 | CZK 111,911 |
| CZK 200,000 | CZK 6,700 | CZK 32,248 | CZK 60,954 | CZK 149,215 |
| CZK 250,000 | CZK 8,375 | CZK 40,310 | CZK 76,192 | CZK 186,519 |
| CZK 500,000 | CZK 16,750 | CZK 80,620 | CZK 152,385 | CZK 373,038 |
| CZK 750,000 | CZK 25,125 | CZK 120,930 | CZK 228,577 | CZK 559,557 |
| CZK 1,000,000 | CZK 33,500 | CZK 161,241 | CZK 304,770 | CZK 746,077 |
Estimated return in EUR
| Submitted | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|
| EUR 2,000 | EUR 67 | EUR 322 | EUR 610 | EUR 1,492 |
| EUR 4,000 | EUR 134 | EUR 645 | EUR 1,219 | EUR 2,984 |
| EUR 6,000 | EUR 201 | EUR 967 | EUR 1,829 | EUR 4,476 |
| EUR 8,000 | EUR 268 | EUR 1,290 | EUR 2,438 | EUR 5,969 |
| EUR 10,000 | EUR 335 | EUR 1,612 | EUR 3,048 | EUR 7,461 |
| EUR 20,000 | EUR 670 | EUR 3,225 | EUR 6,095 | EUR 14,922 |
| EUR 30,000 | EUR 1,005 | EUR 4,837 | EUR 9,143 | EUR 22,382 |
| EUR 40,000 | EUR 1,340 | EUR 6,450 | EUR 12,191 | EUR 29,843 |
Our lessees
Basic information for investor
Name of the instrument (CZK)
CZECH REAL ESTATE INVESTMENT FUND CLASS CZK
Name of the instrument (EUR)
CZECH REAL ESTATE INVESTMENT FUND CLASS EUR
Fund Manager
CAIAC Fund Management AG
Recommended investment horizon
min. 3 – 5 years (CZK), min. 4 -5 years (EUR)
ISIN
LI0294389098 (CZK), LI1279595865 (EUR)
Investment category
Real estate and real estate companies
TER (total expense ratio) of real estate and real estate company
1.01 % p.a. (CZK), 1.01 % p.a. (EUR)
Currency
CZK or EUR
Valuation
Monthly
Supervisory body
FMA Liechtenstein
Investment region
Czech Republic
Depository
Kaiser Partner Privatbank AG
Auditor
Deloitte
Our satisfied investors
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My first decision made in the field of investments – I decided to invest my savings in funds. I can only recommend it, everything is working well.
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When I need any information from the world of finance, I always contact my consultant from EFEKTA. We can speak openly, and he can always help me find the optimum solution.
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Financial services at a high professional level and consultancy that has convinced me that investing makes sense.
Statutory information – notice for investors
CZECH REAL ESTATE INVESTMENT FUND is investment fund which is based in Lichtenstein and which is managed by the Lichtenstein investment company CAIAC Fund Management AG. The Fund is an alternative investment fund within the meaning of Directive 2011/61/ EU of the Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers. Within the meaning of Act No. 240/2013 Coll., on Management Companies and Investment Funds, as amended (the “Fund”), the Fund is a so-called foreign investment fund comparable to a special fund.
The Fund is included in the list of foreign investment funds kept by the Czech National Bank according to Section 597 (e) of the Act, and thus investments in the Fund may be publicly offered in the Czech Republic. According to its Statute/Prospectus, the Fund may invest in real estate properties and real estate companies or, if relevant, other supplementary assets.
The exclusive distributor of investments in the Fund in the Czech Republic is EFEKTA obchodník s cennými papíry a.s. The information provided herein is for reference only.
This document is neither an analysis of investment opportunities, nor an investment recommendation. We recommend that investors thoroughly review the publicly available information on the relevant product, such as the fund’s Statute and the Key Investor Information Document, before making any investment decision.
The value of a unit in the Fund may fluctuate. Past performance of the Fund does not guarantee similar returns in the future. Investing in investment instruments generally involves certain risks which arise mainly from the nature of each particular investment instrument, as well as from the statutory provisions and from the customs prevailing in the relevant financial markets or countries.
Investors fully assume the risk of their investments, including the risk of potential loss. Investment instruments involve, for example, the issuer’s credit risk and the risk of fluctuation in the value of securities. Even conservative investments are not completely free of risks. However, it is possible to reduce risks especially through diversification, i.e. by distributing the portfolio assets and by regularly and actively monitoring the investment.
More information is available to investors in the Key Investor Information Document and/or in the Fund’s Statute/Prospectus (both are available in the Czech language on www.czech-fund.cz).
Fund statutete
The document contains the trust deed and the AIF statute under Liechtenstein law.
For investors
This document contains important information on this fund for investors. It is not an advertising material. The information is prescribed by law and should explain the essence of this fund and the risks associated with investments in it. We encourage you to read this document so that you can make an informed investment decision.
Frequently asked questions
What is the open-end real estate mutual fund?
The open-end real estate mutual fund is intended for all investors on the market who want to invest in real estate together with other investors, and to achieve a better appreciation of their investments thanks to collective investing.
What is the minimum investment in the REAL ESTATE fund?
The recommended minimum investment is CZK 500 or 125 EUR. You can invest only once, or regularly based on the preferences and possibilities of a particular investor.
How long do I need to leave my investment in the fund, and how long does it take to withdraw it?
The minimum investment period is not set. Investing, however, needs to be understood as a long-term process, and your personal investment horizon should ideally be no shorter than 3 years, also because of the “tax test”, where, after expiry of this period, the income from the sale of a share certificate is not subject to tax. So the recommended investment period is at least 3 years for CZK fond or 4 years for EUR fond. But if you need to withdraw your investment sooner, a three-month period is required.
What is the entry fee?
An initial fee for arranging an investment is required by the funds, the amount of which depends on the invested amount (but is not higher than 5% of the invested amount). In the event of regular investments, there are several options of how to pay this fee. You will find a detailed list on the website of EFEKTA obchodník s cennými papíry a.s., which is the exclusive distributor of the fund in the territory of the Czech Republic, or please ask your investment consultant and arrange a meeting at a branch.
How does an investment in the fund exactly work?
The Real Estate fund focuses on acquisitions and long-term possession of commercial properties. From money invested, the fund buys suitable investments, complying with the set strategy and generating a stable income in the long term. From the total yield, shares to investors are then paid. If a specific property does not comply with the strategy set by the fund, it can be sold into the market.
Who ensures the fund administration?
The fund administrator and manager is CAIAC Fund Management AG, a leading Lichtenstein investment company that supervises all activities of the fund, decides on its strategy, legal and business aspects, acquisitions and sales of properties. In addition to international authorities of the EU, the regulations of Czech authorities, namely the Czech National Bank, also apply to the fund.
Who looks after the properties in the fund?
The management and operation of the properties and relationships with lessees are ensured by Real Estate Facility Management a.s., a management company which is a member of DRFG, an investment group that is the fund founder. Real Estate Facility Management a.s. regularly reports its activities to the fund administrator – CAIAC Fund Management AG, a leading Lichtenstein investment company that ensures all relevant underlying information for correct decisions of the administrator and the fund founder.
How can I monitor the fund’s performance?
Investors are informed on the current performance of the fund in regular reports that are sent to their contact address. The fund publishes the Annual Report on the fund’s activities every year. These and other materials are also published on the fund’s website and on the websites of the fund administrator and manager: CAIAC Fund Management AG.
Who is the founder of the fund?
The founder of the fund is DRFG, an investment group that focuses on investments in real estate, telecommunications and financial services. In real estate, they have gained years of experience in acquisitions and management of retail, warehousing and office properties throughout the Czech Republic. In 2021, they ensured the technical administration and operation of properties exceeding CZK 8.73 billion.
More questions?
If you have more questions regarding this fund, or if you want to contact our representative directly, you can use the link below, and we will get back to you soon.