Tri-C Investments secures financing for Czech residential portfolio

Tri-C Investments secures financing for Czech residential portfolio

Published at: 2019-07-17 12:04 | Author: CIJEurope.com
Tri-C Investments has completed a mixed equity/mezzanine financing deal enabling the local developer GEONE's development of 110 fully furnished flats for short-term lease in Prague 4 as well as 7 luxury lofts in Holešovice – Prague 7 overlooking the river and Troja. Added to the two developments is also a standing residential unit with 10 luxury units in an affluent neighborhood of Prague 6 creating a balanced portfolio for the Dutch investor group.

The lofts that are to be built along the Vltava river are going up on the same land adjacent to the Holesovice train station where financing has recently been secured (also in conjunction with Tri-C Investments) for a 220-room hotel and luxury spa. These developments will all have direct access to retail and restaurants along a river boardwalk. The total project has permits for the construction of a marina and water-level residential space. Completion is set for the third quarter of 2020.

The 110 short-term lease apartment project in Prague 4 is strategically located in a low-rise, green neighborhood that offers quick access to the Pankrac, BB Centre and Chodov office and retail hubs and is expected to be completed by the end of 2020.

In this round of financing, Tri-C Investments owner Per Hansson said there was strong interest from high net worth individuals from the Netherlands who participated in the fund structure. Tri-C Investments specializes in early-stage project financing and advising on real estate strategies and marketing.

Similar Stories:

Hungary reports second highest inflation rate in EU in July
At 3.3 percent, Hungary had the second highest annual inflation rate in the EU in July, ac  »
Hungarian debt falls to 68.7% of GDP in Q2
Hungary’s state debt fell to 68.7 percent of the country’s GDP at the end of June, acc  »
BCR relocating to Business Garden Bucharest
The Romanian Commercial Bank (BCR) has leased 14,000 sqm at Business Garden Bucharest and  »
OTP Bank named best digital bank in Hungary
Global Finance has named OTP Bank the best digital bank in Hungary. This is the third time  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »