ICP Capital Partners invested approximately 150 million CZK in a strategically located residential building in Prague, aiming to modernize and enhance its value amidst rising market demand.

Information on the Target

ICP Capital Partners, an investment group known for owning the window manufacturer Vekra, has made a significant investment of approximately 150 million CZK in a residential building located at a prime address in Prague. This property, situated at Vinohradská 37, features a combination of office spaces and retail shops. Prior to this acquisition, the building was owned by a Romanian individual who was registered as the owner of Office Building Vinohradská.

'The excellent location, along with dedicated parking, provides us with diverse usage options,' stated Marek Klaus, co-owner of ICP. 'We plan to undertake renovations and modernization that will enhance the property's value while sensitively blending modern facilities with historical architecture.'

Industry Overview in the Target's Specific Country

The real estate market in Prague, particularly in the Vinohrady district, is characterized by its high demand and limited supply. This neighborhood is ranked among the best locations in the Czech capital for residen