Trigema Real Estate has sold four apartment buildings in a residential suburb of Pilsen to MINT I. rezidenční podfond SICAV. Construction is planned for the last quarter of 2022 and will result in over 100 flats that the fund will add to its portfolio of rental units. The project is located in Škvrňany on the western portion of the city, near where thousands of people work in Pilsen’s industrialized southwest quadrant. “For us as a fund, Pilsen is an interesting location with a functioning residential market and rental residential,” says Radim Bajgar, a partner at Mint Investments.
“Pilsen has huge potential thanks to the growing economic power of the local population and the long-term growth of residents.” He said the Škvrňany district has a peaceful atmosphere combined with excellent connections to the center of town, to high-employment districts and to the West Bohemia University campus. Bajgar says that just as with other buildings in the fund’s portfolio, residents will be offered additional services as part of the rental package for the new flats. “Rental residential in the Czech Republic is following the example of western European countries and coming increasingly to the fore, which is why we’re already working on further acquisitions in economically strong urban agglomerations,” says Bajgar. Wilsons advised Mint on legal matters in the transaction, with Lexxus and TH Tax providing additional consultation services.
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