Equity Investors required for the development of a 2.6 hectare (6.4 acres) site located in a small growing village approximately 14km (9 miles) to Prague City centre.
The site consists of seven derelict buildings and is immediately adjacent to the centre of the village and the “town hall”. The village is benefiting from new roads which will considerably shorten the journey into the city centre. There will also be an exit from the new Prague city ring road/highway into the village which is due to open shortly. There will be a new tram line within 2km of the village by 2010 which will compliment existing city bus services.
The project would consist of a mixture of residential and local amenity commercial space of 16,000 - 20,000 m2 of saleable space yielding approximately 250-350 apartments. Once finished, the project will provide new access to the town hall centred around a new “town hall square” located adjacent to the site. The apartments will be targeted for sale to the local middle market who want to be outside the city centre but still within close proximity to the city centre.
There is a full acquisition and construction finance facility arranged with a local bank. We are seeking partial equity investors for this project with the balance of equity provided by Euro Ventures. The project is expected to take approximately 5-6 years to complete with a very attractive return on investment and will be fully managed by our sister office in Prague.
