FPD targeting Czech property market

FPD, an international financial group, claims to have plans to invest €80m into new real estate projects, with some of the money to target the Czech property market. FPD will finance the acquisitions from its own equity, but Anton Siekel, the founder of the group, says that while the company’s portfolio has grown considerably since 2006, it will be able to secure bank financing.
Traditionally, the group’s primary target is corporate finance, but it is also active in hotel business, tourism and wellness. FPD owns a few hotels and spa complexes in Slovakia, in southeastern Asia and Bali. In the Czech Republic it has been involved in the rental residential sector.