Monday, 20 May 2019
We are pleased to announce that WOOD & Co.’s Real Estate Funds have been ranked as the best-performing funds of qualified investors on the Czech real estate market. Both of our real estate funds, WOOD & Co. Real Estate Sub-fund I. and WOOD & Co. Czechoslovak High-Yield Real Estate Sub-fund, scored the highest rankings in a professional survey: Top Real Estate Funds 2018. The survey is organised by the prestigious Czech economic and business press Hospodářšké noviny, in cooperation with the Institute of Strategic Investment (ISTI), an innovative and educational body established at the University of Economics in Prague.
WOOD & Co. Real Estate Sub-fund I., with a performance of 17.46% in 2018, achieved the top position in the survey. This sub-fund comprises the HARFA Shopping Mall, which has more than 160 shops (in 41,500 sqm), and the 12-floor HARFA Office Park, with 20,500 sqm. HARFA is situated in Prague 9, an excellent location with easy public access.
WOOD & Co. Czechoslovak High-Yield Real Estate Sub-fund, with a performance of 14.95% in 2018, won second place in the Top Real Estate Funds survey. The fund’s portfolio consists of five premium office buildings, with over 128,000 sqm of total leasable area. Four of the assets are located in Bratislava (Aupark Tower, Westend Tower, Lakeside Park and BBC 5), and the fifth property, Hadovka Office Park, is located in an attractive location, in Prague 6.
After the announcement of the Top Real Estate Funds 2018 survey results, Hospodářské noviny organised a panel discussion on the topic "Real estate investments at the peak of the economic cycle and price growth". During the panel, our colleague, Jiří Hrbáček, Portfolio Manager of WOOD & Co. Real Estate, together with other guests from Passerinvest Group, Deloitte, Raiffeisenbank and ZFP Investments, evaluated the benefits of alternative investments and discussed real estate market investment developments.
The complete overview of the results (in Czech language) is available here.