Crestyl Launches New Investor Fund Backed by Flagship Prague Projects

Crestyl has introduced a new investment vehicle designed for qualified investors, aimed at raising capital for its residential and commercial developments in Central Europe. The fund will focus on projects in Czechia and Poland, spanning everything from early-stage planning to operational assets.

The company, which has been active in the market for more than two decades and manages assets worth around €1.4 billion, is positioning the fund as a way to broaden its financing base while keeping control over its own pipeline. Among the first schemes expected to benefit are Prague’s large-scale Hagibor and Savarin projects, as well as the BOKA Pankrác development.

According to Crestyl, the vehicle is structured to provide investors with a priority return of up to seven percent annually, though actual performance will depend on market conditions. Investments are expected to start from CZK 250 million per project, with the overall portfolio targeted to reach between CZK 2–3 billion.

The fund is being distributed through AVANT Investment Company, which specialises in managing qualified-investor vehicles in the Czech market. Entry levels begin at around CZK 1 million, with the recommended holding period set at several years.

For investors, the attraction lies in gaining exposure to some of Prague’s most prominent urban regeneration projects at a time when planning approvals and construction activity are beginning to move forward. Savarin, a mixed-use redevelopment in the city centre, recently cleared key permitting steps, while Hagibor, a multi-phase residential-led scheme in Prague 10, has already begun delivery.

Market observers note that while development-linked funds can offer direct access to high-profile schemes, they also carry risks tied to construction, permitting and the timing of sales. Crestyl argues that its size, established track record and diversified pipeline provide a measure of resilience as it seeks to draw institutional and private wealth into its next stage of growth.

Image: Hagibor, Crestyl