Fidurock establishes one of the largest retail park funds for qualified investors in the Czech Republic

The real estate investment group Fidurock has established a qualified investors fund (QIF), Fidurock Retail Parks Fund SICAV, into which it will contribute all 14 of its retail parks in the Czech Republic and Slovakia. The fund aims to offer qualified investors long-term and sustainable capital appreciation with an expected annual return of 7–10%. The fund’s investment strategy is built on stable rental income, long-term and near-full occupancy of all retail parks, and the intrinsic value of strategically located commercial properties serving as essential destinations for everyday shopping needs.

“Retail parks are among the most stable types of commercial real estate both domestically and internationally. Their value continues to grow, supported by current retail trends such as the demand for discount stores and international brands,” says David Hauerland, Managing Director of Fidurock. “We acquired our first retail parks over ten years ago and have since become one of the largest owners in the Czech Republic. Thanks to our deep expertise in managing these assets, we can operate them very efficiently. Capital raised through the QIF will be used for further expansion and modernization of our existing portfolio,” adds Hauerland.

The fund’s underlying portfolio consists of 14 retail parks in the Czech Republic and Slovakia. Most have been managed by Fidurock since 2016–2018, with 99% occupancy and an average WAULT of 5.7 years, demonstrating the quality and stability of the assets. Key tenants include Albert, OBI, Decathlon, dm drogerie, Pepco and others. The portfolio includes retail parks in Trutnov, Tábor, Mladá Boleslav, Liberec, Choceň, Milevsko, Staré Město, Piešťany and Trnava.

“Only qualified investors will be eligible to invest in the fund, with a minimum investment of CZK 1 million. The recommended investment horizon is at least five years, while the fund itself is not limited by a fixed term, allowing investors to hold their investment for as long as it suits their needs,” explains Adam Boruta, Head of Funds & Investments at Fidurock. “A strong incentive for investors is also the fact that the founders plan to retain a significant portion of their own capital in the fund over the long term, thereby sharing returns with all investors. A three-year tax test applies to potential redemptions, enabling investors to achieve more tax-efficient appreciation over a longer period. We therefore expect strong demand. After all, our retail fund launched in 2024 has been attracting tens of millions of Czech crowns per month, despite being available to the general public with investments starting from CZK 200. For the QIF, we anticipate significantly higher investment volumes. We are confident that the quality of our real estate portfolio will be sufficiently attractive for investors with capital exceeding CZK 1 million to entrust us with their funds for appreciation,” adds Adam Boruta. The fund offers a primary subscription period from January 5, 2026 to March 31, 2026, during which investors may purchase shares at a price of CZK 1 per share.

“Fidurock Retail Parks Fund represents the culmination of our expertise and enables investors to participate in the growth of this segment. When selecting retail parks, we focus on locations that serve as centres of everyday needs, ensuring their relevance and stability regardless of economic cycles,” explains David Hauerland, outlining the criteria used to select properties for the portfolio. “Thanks to active risk management, transparent reporting and a robust legal structure, the fund offers investors simplicity of ownership, including the option to invest via CODYA Mix, which enables portfolio diversification. We are therefore offering qualified investors a transparent and stable investment opportunity in a sector that has proven resilient even during challenging periods such as economic crises and the COVID-19 pandemic,” concludes David Hauerland.

The fund will be managed and administered by CODYA investiční společnost a.s., audited by Deloitte Audit s.r.o., with UniCredit Bank Czech Republic and Slovakia, a.s. acting as the depositary.