PragueConnect.cz - Real Estate

PragueConnect.cz Real Estate articles in cooperation with Prague.TV Real Estate, if you are looking for a mortgage to finance your next house or flat purchase in Prague - visit Prague.TV Mortgage, don't miss out on historical low Czech mortgage rates!

Real estate fund, NOVA Real Estate, acquired the Bluehouse Capital real estate portfolio

Newly established Czech real estate fund, NOVA Real Estate, managed by investment company REDSIDE, has successfully completed the acquisition of a real estate portfolio from Bluehouse Capital. The subject of the sale were three commercial properties in Jablonec nad Nisou, Hradec Kralove and Znojmo. A key long-term tenant in all the three properties is the Ahold group, which recently took over InterSpar.

REDSIDE investiční společnost, a.s. was founded in 2012 as a joint venture of ASB Group and Arca Capital. Besides the real estate fund, its portfolio includes also qualified investor funds focused on private equity and renewable energy sources. Consulting and advisory services for the transaction were provided by real estate consultant Colliers International, legal firm Kinstellar, and tax and accounting experts from ASB Accounting.

Founded in 2004, Bluehouse is a private equity real estate investment management firm focused in Emerging Europe with operations in Poland, Czech Republic, Hungary, Bulgaria, Romania, Croatia, Serbia and Greece. Bluehouse Capital was represented by JLL and the law firm CMS Cameron McKenna.

The purchase price of the portfolio has not been disclosed, however, it ranks amongst one of the largest real estate transactions in the Czech republic in 2015.


Press Release: Prague, 5th of October 2015

 
 
 
 
We Ensure your business gets seen - Use the power of video advertising! 

With a total of over 500,000-page visits per month and over 160,000 followers on social media channels, Amadeus Media Group is the leading international media service in Prague, Czech Republic. If you are interested to take the next step with your company and you are ready for new clients, visit www.amadeusmedia.cz or download amadeusmedia.cz/MediaKit.