Komerční banka has acquired 100% ownership of Upvest, enhancing its position in the Czech real estate financing market.
Target Information
Komerční banka has successfully acquired 100% ownership of Upvest s.r.o., transforming it into a wholly-owned subsidiary. This acquisition follows a phased approach initiated in 2020 when the bank first acquired an 18.9% stake. Gradual investments increased this share to 96% in 2022, culminating in the full ownership secured in recent weeks. Upvest will retain its brand identity as it continues to provide development financing and investment opportunities to interested parties.
This acquisition is noteworthy within the landscape of real estate investment as Upvest specializes in facilitating funding for property developers and offering robust investment channels for potential investors.
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Industry Overview in the Czech Republic
The real estate market in the Czech Republic, particularly in Prague, is witnessing substantial developments, especially in rental housing. Developers are increasingly adopting professional management strategies to ensu
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Komerční banka
invested in
Upvest
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $133M