2025-04-08
finance

Luxent Group has established a qualified investor fund, Luxent Fund SICAV, to support its future real estate development activities. The fund, which includes a real estate sub-fund, is registered with the Czech National Bank and was formed in February 2025 in accordance with Act No. 240/2013 Coll. on Investment Companies and Investment Funds. The fund is intended for qualified investors, with a minimum initial investment requirement of CZK 1 million (or equivalent in another currency). It is managed by Versute Investment Company, a.s. and targets an annual return of 10–15%. The recommended investment horizon is four years. Luxent Fund SICAV will primarily invest in real estate assets, including residential and commercial units, land, buildings, and related premises. It may also invest in real estate-focused investment vehicles and equity interests in related companies. At least 90% of the fund’s capital will be directed into real estate holdings. According to Emil Kasarda, owner of Luxent Group and one of four partners in the fund, the decision to launch the fund aligns with the company’s long-term development goals. Plans for the fund had been postponed due to the COVID-19 pandemic and the war in Ukraine, but Kasarda stated that current market conditions are more favourable. Luxent - Exclusive Properties, the real estate agency affiliated with the fund and serving as its advisor, has operated in the Czech market since 2008. The agency has completed over 3,000 transactions and offers services in property brokerage, legal and investment advisory, project consulting, and marketing. It has also cooperated on development projects such as Garden Lofts, Lofty Anděl, family houses in Velké Popovice, and mountain apartments in Harrachov Peaks. The fund is structured to take advantage of the favourable tax regime for qualified investor funds in the Czech Republic. It is subject to a 5% tax rate, and individual investors may qualify for tax exemptions if they remain in the fund for at least three years.