In December 2015, via a joint venture, the RSBC Group acquired one of the largest real estate portfolios in the Czech Republic from the Austrian real estate fund Conwert Immobilien Gruppe. At the time of acquisition, it included a total of 28 real estate properties in Prague, Brno, Pilsen and Ostrava with a total rentable area of 45,000 sqm.
The acquisition of the Conwert real estate portfolio signified a unique opportunity for RSBC to expand its ownership and active real estate management activities. Thanks to our readiness, contacts on the domestic investment market, determination and hard work we have managed to set an appropriate strategy and achieve the defined goals ahead of the schedule. This has led not only to a significant appreciation of the investments made but also to establishment of cooperation with prominent investment funds which will bring more investment opportunities to the group in the future (Generali Investments CEE, investiční společnost, a.s. and Patria Residential Fund I closed-end share fund for qualified investors, Patria investiční společnosti, a.s.).