Fond Českého Bydlení SICAV (The Czech Housing Fund), which focuses on investments in residential rental housing, has acquired three additional apartment buildings as part of its ongoing portfolio expansion. The purchases include a building on Pekařská Street in Brno and two buildings on Adamusova and Cihelní Streets in Ostrava, acquired from Czech Home Capital. Collectively, these properties comprise 342 residential units with a total leasable area exceeding 14,000 square meters. The transactions are valued in the high hundreds of millions of Czech crowns. Legal services were provided by Glatzová & Co., and technical due diligence was conducted by Bytecheck, s.r.o. Jakub Kořínek, co-founder of Fond Českého Bydlení, commented that the acquisitions fit within the fund’s strategy and contribute to increasing the value of its property holdings. He noted that investors who joined at the fund’s start have seen a return of 64.07%. Over the past eight months, the fund has expanded its presence in the residential rental market. Following several acquisitions, the portfolio value has grown to CZK 1.824 billion (€74 million) and now includes 895 residential and non-residential units totaling 48,283 square meters of leasable space. Details of Acquired Properties In Brno, the building on Pekařská Street is located in the city’s historic center near public amenities such as markets, hospitals, and schools. The property has previously operated with below-market rents, which the fund sees as an opportunity for improvement. Kořínek noted that a phased renovation of the building is planned. In Ostrava, the property on Cihelní Street is near the city center and consists of modern, fully equipped apartments. It is situated in a gated complex in an area with further development potential. The building on Adamusova Street in Ostrava is located in the Hrabůvka housing estate, an area with good public services and transport links. It primarily consists of smaller residential units averaging 36 square meters, where demand remains steady. Renovation work is planned for approximately twenty units in this building. These acquisitions reflect the fund’s continued activity in the Czech residential property market, with a focus on maintaining and upgrading its properties to meet market demand.