CBPI will be led by Omar Sattar, Peter Bečár will also support the fund's management
The fund's activities are the responsibility of a team of recognized real estate experts with a total length of experience exceeding 50 years. CBPI will be led by Omar Sattar (pictured left), a private equity and real estate expert. As CEE Director of Avestus Capital Partners, a leading European real estate investment and asset management company, he has previously been involved in investment transactions worth more than € 2 billion. He is also currently an independent member of the Board of Directors of CPI PG.
His experience in the segment also includes several senior positions in established international companies. Among other things, he also worked as the director of the Czech branches of Colliers International and DTZ. The management of the fund will also be supported by Peter Bečár, a Crowdberry partner who previously held the position of Executive Director of P3 Logistics Parks for CEE.
"The establishment of CBPI is another important milestone in the dynamic development of Crowdberry. We have more than five years of experience with growth capital, across a variety of business sectors. We have made investments in innovative e-commerce companies such as Footshop or GymBeam, in companies focused on last mile logistics, as well as startups such as Ecocapsule, Boataround or the proptech platform AKULAR," says Peter Bečár, Crowdberry partner.
For the CBPI strategy, the focus is on future evaluation
"In the last two years, we have had the opportunity to implement fundraising for investments in the area of accommodation for the elderly or residential and industrial development, which has confirmed the interest of our investors in real estate projects. For the CBPI strategy, the focus is on future appreciation and active work with added value of real estate. Within the fund, we want to create a balanced portfolio focused on various segments, thanks to which we will also reduce the riskiness of investments,” adds Peter Bečár.
CBPI will focus primarily on logistics real estate, retail parks and residential projects, but will also look for other interesting opportunities with an expected investment return exceeding the market standard. It is an open-ended fund that aims to raise 15 million euros from investors over the next 12 to 18 months. Investors can start investing their capital from March this year, the minimum amount of investment is 1 million Czech crowns (or the euro equivalent of this amount).
Still many exceptional development opportunities
"Even after 25 years of rapid development of the real estate market in the Czech Republic and Slovakia, there are still many exceptional opportunities for development, reconstruction and modernization of existing projects and for establishing partnerships with property owners to help them increase the value of their assets or co-finance projects. . The intention of the CB Property Investors Sub-Fund is to uncover the future potential of real estate and create benefits for users, d escribes Omar Sattar, Executive Director of the Real Estate Division at Crowdberry. He adds: “Investments that increase the value of real estate require a deep understanding of the market, the ability to look for new opportunities and a clear vision for implemented projects. Thanks to our extensive experience, we are able to identify the real potential of real estate and accordingly optimize their business model, operation and rental, marketing or communication activities to provide our investors with a higher, risk-adjusted return."
The regulator of the CBPI fund is the Czech National Bank, the depository of ČSOB. The fund is managed by Winstor investiční společnost a.s. and the auditor is BDO Audit.
Source:// Systémy logistiky