Fully funded... Equity Investors required for the refurbishment of a building in the prestigious Mala Strana section of the city centre, close to the Prague Castle, National Theatre, Old Town Square, etc.
The building consists of circa 1,400 m2 net spread over 4 existing floors plus new 5th floor and roof level. The vendor is selling with vacant possession and a "planning permit" extension. The building is in the UNESCO protected area of Prague and so must be sensitively restored to its former glory.

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 1.5 - 2 years to complete with a very attractive return on investment and will be fully managed by our sister office in Prague.

Please contact us for further information.

This building was sold to a group of private investors arranged by Euro Ventures in Q3 2006. Euro Ventures arranged an excellent acquisition and construction finance package and structured the deal in a tax efficient structure. The project is being redeveloped to 12 luxury apartments of 120m2 each and 2 50m2 live/work units.

There is a shortage of luxury apartments in historical buildings close to the city centre and strong sales to the local market are expected. Construction is due to start on the project in Q1 2007 and complete late 2007/early 2008 and is fully managed by our sister office in Prague.

Please contact us for further information on current opportunities.

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