The number of individuals who have bought shares in Českomoravská Nemovitostní’s NEMO fund recently went over the 11,000 mark, something the board’s vice chairman Josef Eim called “a significant milesone for us.” He said NEMO’s growth reflects the growth in confidence by Czech investors for collective real estate investment. “The popularity of these reliable investments in funds has been growing in recent years, as evidenced by the data from the Czech Capital Market Association.” He said the fund enjoyed strong asset growth in the second quarter of this year, continuing a trend of strong asset growth that stretched back into 2023.
“We expect that further reductions in interest rates across all key markets will continue to support this growth. The recent sharp declines in the markets, followed by a very quick recovery, showed that investors trust the stability of the current economy and its future growth prospects,” said AKAT Chairman Jaromír Sladkovský.
Since being set up five years ago, the NEMO fund has picked up office buildings such as Apeiron, Corso Karlín, and the administrative building Aragonit, bringing its AUM to over 2.6 billion CZK. Additional expansion of the portfolio is expected before the end of 2024.
