REICO Real Estate Fund of ČS (REICO RN) has acquired another residential rental project as part of its ongoing expansion in the housing segment. The fund has entered into an agreement with developer FINEP to purchase the Stodůlky Residential project, located in the Western City area of Prague. This is the fund’s second rental housing investment and aligns with its strategy to diversify and stabilize its portfolio in response to real estate market fluctuations. According to Dušan Sýkora, Chairman of the Board of Directors of REICO IS ČS, the expansion into institutional rental housing addresses a previously absent component in the fund’s portfolio. He notes that, beyond improving portfolio stability through diversification, residential rental assets offer a dual benefit—steady rental income and potential long-term capital appreciation. The Stodůlky Residential project is part of FINEP’s British Quarter development and will include three residential buildings (A, B1, and B2), comprising a total of 219 apartments across 10,400 square metres of floor space. The site is located near the Stodůlky metro station on line B and is approximately 14 kilometres from Václav Havel Airport. Construction is scheduled to begin in April 2025, with occupancy expected within three years. FINEP CEO Tomáš Pardubický described the British Quarter as an example of long-term, planned urban development. He stated that the partnership with REICO and investment company Ungelt Group, which is also involved in the project, reflects growing confidence in the rental housing sector. According to Pardubický, rental housing is not only a market opportunity but also a response to changing social needs, offering flexibility, accessibility, and security to residents. Ungelt Group, which specializes in development and real estate investment, has a history of collaboration with FINEP and will again participate in the project. Dušan Prchlík, a partner at Ungelt, emphasized the importance of delivering housing that meets current standards of quality and sustainability. REICO RN, established in 2007, is the largest and oldest Czech real estate fund, focusing on conservative investment strategies. Its current portfolio includes 20 properties—nine in the Czech Republic, six in Slovakia, and five in Poland—with a total market value nearing CZK 38 billion. As of the end of March 2025, the fund had approximately 140,000 shareholders and reported a 12-month return of 4.38%.