Qualified investor fund Development of Residential and Profitable Real Estate
- FUND’S FOCUS Residential and profitable real estate
- INVESTMENT STRATEGYDirect and indirect investment in real estate projects
up to7,5 %p.a. Yield
Realized fund’s projects
Completed
Avion Budějovická
Apartment complex in Krč.
- 2 304 m² Total usable area
- Prague 4 Location
- 1Q 2019 Project finish date
- 101 mil. CZK Total value of the investment
Completed
Honest Smíchov
Stylish serviced apartments in Smíchov – www.honestprague.cz
- 965 m² Total usable area
- Prague 5, Smíchov Location
- 2019 Project finish date
- 91% Average occupancy
Future portfolio of the fund
Investment opportunity
Honest Říčany
One of the flagship projects of our current portfolio. Reconstruction of Alfa Tower in Říčany into a modern multifunctional building.
- 6 347 m² Total usable area
- Říčany, Prague-East Location
- 1Q 2023 Project finish date
- 300 mil. CZK Total value of the investment
Investment opportunity
Honest Karlín
Project of total revitalization and extension of the building in Prvního pluku Street. The building will serve as a modern apartment housing.
- 1 295 m² Total usable area
- Prague 8, Karlín Location
- 1Q 2023 Project finish date
- 100 mil. CZK Total value of the investment
Why we invest in residential and profitable real estate
There is permanent demand for short- and long-term housing on the market, which is constantly increasing due to urbanization.
Rents in the Czech Republic have been increasing for a long time and the concept of serviced apartments allows the use of residential units for long-term, medium and short-term accommodation.
Prague and its surroundings are a unique investment area with above-standard appreciation (e.g. Karlín).
Qualified
investor fund
The Qualified Investor Fund is an investment tool that encourages individual investors to join a team of investment professionals and benefits from a greater range of investment opportunities and risk distribution.
Objectives of the fund
- Appreciation of investors’ funds
- Creation of a portfolio of profitable real estate
- Effective fund management
- Development of the rental housing market
Current data of the fund
| Values as of 9/20 | Percentage change 9/2019 – 9/2020 | |
| Value of 1 piece of preferred stock (PS) | 1,11430 CZK | 7,40% |
| The fund’s net asset value (NAV) | 30 045 163 CZK | 37,91% |
| Value of the fund’s property/assets | 44 260 608 CZK |
25,61% |
| Area of units sold from the fund’s assets | 2 304 m2 |
| Number of units sold from the fund’s assets | 61 |
| Value of units sold from the fund’s assets | cca 101 000 000 CZK |
Information about the fund
| Fund’s focus | Real estate and financing of real estate projects |
| Security | Preferred stocks (PS) and performance investment stocks (PIS) |
| Minimum investment by the client | CZK 1,000,000 |
| Entry fee | 0 - 3 % |
| Exit fee | 10% for buyback within two years and 0% in other cases |
| Fund manager and administrator | AVANT investiční společnost, a.s. |
| Depository bank | Česká spořitelna, a.s. |
| Auditor | NEXIA AP a.s |
| Regulation and legal jurisdiction | Czech National Bank and Czech Republic |
| Share subscription frequency | Quarterly – shares are subscribed in relation to a specific project for maximum allocation of capital |
| Expected return on preferred stocks | up to 7.5% per year |
| Client’s investment horizon | Medium-term of 3 years (according to KID) |
| Taxation of the fund’s revenues | 5% of the fund’s profits |
| Taxation of shareholders – natural persons | 15% for buybacks within to 3 years, 0% for buybacks after 3 years |
Preferred and performance investment stocks
Preferred stocks (PS)
Preferred stocks of the VIHOREV CAPITAL fund have a preferential share of the fund’s profits over the fund’s founder and a PIS holder. These are shares that have PIS capital coverage for a minimum return of 7.1% p.a. They are marketable on the Prague Stock Exchange. The minimum initial investment is CZK 1,000,000. The investor has the right of buyback of their shares by the fund.
Performance investment stocks (PIS)
These are shares that are primarily intended for the fund’s founder and their partners.
Model of operation of PS and PIS
Presentation of the investment fund manager AVANT
AVANT investiční společnost, a.s. specializes in the establishment and management of funds of qualified investors. In the last three years, AVANT has become the most dynamically growing investment company in the Czech Republic and is currently the largest investment company on the market of qualified investor funds. AVANT manages 69 funds with a total asset value of over CZK 32 billion (as of September 30, 2020).
AVANT gained its position on the market mainly through its personal client approach, experience, flexibility and quality of services provided. The managed funds invest in commercial real estate, housing projects, agricultural land, receivables and equity shares in startup projects or existing companies, which it helps to develop further.
Key figures of the fund
- [email protected]
- +420 226 258 005
Maxim graduated from Charles University – he obtained his master’s degree in Law and Legal Science from the Faculty of Law and also got a bachelor’s degree from the Faculty of Business Administration of the Prague University of Economics and Business. Since 2008, he has been active on the Czech real estate market, especially in the area of real estate sales and management. Since 2014, he has been active on the residential development market. His key competences include real estate deal structuring and financing. The total value of completed and existing projects exceeds CZK 900 million.
- [email protected]
- +420 267 997 795
Pavel Doležal has many years of experience in financial institutions, especially in the banking and investment sectors. At ČSOB, he first managed the department of credit management and legal support of branches, then he led the segment of financial institutions. He focused on the bank’s relations with health insurance companies, securities traders, investment companies, pension funds and foreign banks. Since 2010, as CEO, he has been responsible for the management and development of AVANT, which is the manager of the VIHOREV.CAPITAL sub-fund. The aim of the AVANT investment company is to interconnect investors with prospective projects.
Contacts
Vihorev.Capital SICAV, a.s.
Rohanské nábřeží 671/15
180 00 Prague 8
VAT: 07670184
FILE NUMBER: B 23982, MUNICIPAL COURT IN PRAGUE
CONTACT ADDRESSJungmannova 26/15
110 00 Prague 1
[email protected]
+420 226 258 238
FUND MANAGER AND ADMINISTRATOR, AVANT INVESTIČNÍ SPOLEČNOST, A.S.ROHAN BUSINESS CENTRE
Rohanské nábřeží 671/15
186 00 Prague 8 – Karlín VAT: 275 90 241
FILE NUMBER: COMPANY REGISTERED BY THE MUNICIPAL COURT IN PRAGUE, SECTION B, FILE NO. 11040
[email protected]
+420 267 997 795
DEPOSITORY BANKČeská Spořitelna, a.s.
Olbrachtova 1929/62
140 00 PRAGUE- Krč
vat: 45244782
FILE NUMBER: B 1171/MSPH MUNICIPAL COURT IN PRAGUE
Auditor
NEXIA AP a.s.
Sokolovská 5/49
186 00 PRAGUE 8
VAT: 48117013
FILE NUMBER: THE COMPANY IS REGISTERED IN THE COMMERCIAL REGISTER MAINTAINED BY THE MUNICIPAL COURT IN PRAGUE, SECTION B, FILE NO. 14203
Notice to investors
AVANT investiční společnost, a.s. is a manager of qualified investor funds pursuant to Act 240/2013 Coll. and a qualified investor may become their shareholder or stakeholder pursuant to Section 272 of this Act.
The fund’s key information documents (KID) are available at http://www.avantfunds.cz/informacni-povinnost/. In paper form, this information can be obtained at the registered office of AVANT investiční společnost, a.s. ROHAN BUSINESS CENTRE, ROHANSKÉ NÁBŘEŽÍ 671/15 (reception B), 186 00 Prague 8.
Information on the processing of personal data relating to Act No. 110/2019 Coll., on personal data processing, can be found on the website of AVANT investiční společnost, a.s. at https://www.avantfunds.cz/cs/gdpr/.
Further important information for investors can be found at https://www.avantfunds.cz/cz/dulezite-informace/.
Contact us
- [email protected]
- +420 226 258 005