Czech and Slovak Investment Advisors (CSIA), a joint venture between Avestus Real Estate and Mint Investments, is the exclusive investment advisor and asset manager of a real estate fund Czech and Slovak Property Fund B.V. (CSPF).
CSPF was established in Q3 2004 and focuses on investments in Central and Eastern European real estate, especially in the Czech Republic and Slovakia. Establishment of the Fund had been sponsored by Ceska sporitelna, who is also one of the investors in the fund. Between 2004 and 2007 CSIA under the name of CSPF realized a total of 23 transactions with a total investment worth more than EUR 500m. These investments include offices, shopping centers as well as residential projects in the Czech Republic and Slovakia. To date, CSIA manages approximately 71,000 square meters of office space, 46,000 square meters of retail space and realized 1,500 apartments, with another 500 in development stage.
Fund's investment strategy concentrates on the core-plus mid-cap and large-cap real estate projects above EUR10 m. Circa 30% of the portfolio had been invested in residential and commercial development projects. As a part of its investment strategy, CSPF is targeting also investments in regional cities in the Czech Republic and Slovakia.