For a rock-solid future.

We are pleased to announce that in line with Fidurock's long-term goal of expanding its residential housing portfolio with new projects in lucrative locations, we have successfully acquired a new residential building at Žerotínova 58, Prague 3, in January 2024. The building, with a total usable area of 1378.1 m², consists of 22 apartments and one commercial space. What makes this acquisition even more exceptional is the fact that it is our first project in the cooperative housing sector, in collaboration with Raiffeisenbank Czech Republic. By taking this step, we not only expand our horizons but also bring new opportunities for those seeking quality housing in the heart of Prague.

The Žerotínova 58 building will undergo partial reconstruction, which will include several key enhancements. The installation of a new elevator will ensure more comfortable and easier access for all residents. Modifications to the common areas will aim to create a more pleasant environment. Increasing parking capacity will ensure better parking availability for tenants and visitors. Lastly, upgrading the heating to a more energy-efficient system will not only bring ecological benefits but also financial savings for the apartment tenants. We expect that these improvements will make the building a sought-after place for comfortable living in the center of Prague.

At the end of last year, we dedicated ourselves to an important acquisition, which was the office building on Dykova Street. Before the holidays, we completed the transaction documentation, and now nothing stands in the way of the building, which currently serves as an office building, becoming part of Fidurock's portfolio. The acquisition significantly strengthened the overall value of our portfolio, which now reaches 7.4 billion crowns.

With this building, formerly owned by Penta Real Estate, we have ambitious plans. We want to breathe new life into it by converting it into residential housing, while also expanding its total area from the original 3,000 to 5,000 square meters.

This acquisition significantly contributes to our long-term goal of continuously expanding the portfolio of residential housing with new projects in lucrative locations.

We are convinced that this investment will bring value not only to us but also to our partners and clients.

David Hauerland started his career in retail real estate but has been expanding his business into other directions for a decade now. He added to the real estate company Fidurock a showroom with premium audio equipment and also a winery in Slovenia, which he is transforming into a luxurious wine resort.

Fidurock, a real estate firm founded by Hauerland nine years ago along with Petr Valenta, whom he still owns it with today, was the beginning. Initially focused on commercial and residential properties, the investor originally concentrated solely on retail parks. Two years later, he expanded his operations into the residential segment, specifically residential properties in the centers of major cities such as Prague, Brno, or Bratislava.

"Both are defensive assets that, as we have verified during the COVID and energy crises, perform well even when the market slows down. Even when the economy is struggling, people still need somewhere to live and somewhere to shop," says Hauerland.

Moreover, his group entered the retail property market at a time when most major investors were overlooking this segment. Besides investments in residential properties, Fidurock eventually added a rental housing portfolio.

"We are still primarily developers, so we don’t buy finished apartment buildings, but rather buildings in poor condition, which we transform into modern ones with ideal dimensions for rental housing. Our yield is then naturally higher than if we had bought the apartments already finished," the entrepreneur describes.

Source: forbes.cz

At the end of June, representatives of the real estate investment holding Fidurock and representatives of the Czech Real Estate Investment Fund (CREIF) signed an agreement on the sale of the Trutnov retail park.

In June 2023, we expanded our portfolio with another interesting project. We see great potential in the Chrpa shopping center in the Chodov housing estate in Prague. It is located in an attractive residential location and covers an area of almost six thousand square meters.

This is an existing functional shopping center in the Prague housing estate of Chodov, mainly serving South City II and Horní Roztyly, to which we plan to give it a new look. The project is located in an attractive residential location that has great potential for further development. Among the main tenants is the Albert supermarket, but here you will also find services related to optics, floristry, fitness, restaurants and much more.

The reconstruction of the Chodská apartment building in the heart of Prague's Královské Vinohrady gained its final form thanks to us.

18 apartment units, which are available for rent from June 1, underwent the change. Suitable for those looking for comfortable living in the very heart of Prague. Ideal housing also for foreign students, rooms can be rented separately.

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