Charles Bridge
Purchase of undervalued flats in original condition, subsequent reconstruction, and sale at the market prices.
About the project
Charles Bridge is a commercial project in OSTRAVA, CZ with a value at completion of 600 000 EUR. The project was based on acquiring apartments in their original condition, renovating them and subsequently reselling them, forming a complementary part of the real estate portfolio.
Sympatia provided financing to regional partner companies responsible for the entire investment process, from identifying and acquiring properties through renovation to resale. The financing was secured by liens on the financed properties.
The average investment cycle for one residential unit was approximately six months, the refurbishment period around three months, and the average investment per unit approximately €100,000.
This project was implemented within the investment product Polaris Alpha – qualified investor fund. More information about investment opportunities can be found on the product page.
Benefits
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Potential for attractive long-term returns in the Czech Republic
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Financing provided to regional partners managing the entire investment process
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Real estate financing secured by liens on the properties
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