As part of its management team, The Fund has formed a partnership with an experienced development company, DEVO, a.s., based in Prague, Czech Republic and an experienced investor relations company Property in Prague s.r.o.

Our investment team combines a range of disciplines including general contracting management, marketing and corporate finance with extensive real estate industry knowledge and development expertise. We look to leverage our strategic, financial, operational, technical and real estate expertise, as well as our deep investment experience, to fully support local developers and build sustainable, market leading residential projects. Each member of our team has been diligently selected not only for their unique background and abilities, but also equally for their ability to work with others in a strong, cohesive unit dedicated to making successful investments for our investors.

Experience of Management Team

Property In Prague, s.r.o.

Property In Prague, s.r.o. [PIP] is a company recently formed in the Czech Republic to advise investors on real estate investment opportunities in Prague and the Czech Republic. PIP’s management has extensive experience and presence in the Czech Republic, where since the 4th Quarter of 2003 they closed seven major transactions for bulk residential purchases in the Czech Republic for a combined value of over EUR 40.0 Million. 

PIP has co-developed a comprehensive business plan for this real estate fund that aims to take advantage of the rising interest in the property market in Prague and the Czech Republic subsequent to its joining the EU.

Devo Group, a.s.

DEVO Group, a.s. is a subsidiary of the multinational developer’s firm VOMASA S.A. having its registered office in Luxembourg. DEVO GROUP a.s. was established in November 2000 as a successor of DEVO s.r.o., which originally belonged to two partners, Mr. Vojislav Sparavalo and Dejan Sparavalo, and whose primary business was in foreign trade. DEVO s.r.o. was founded soon after the Velvet Revolution in 1991 and its main object of business was importing consumer goods from Asia to the Czech Republic and Slovakia. At the same time the company started to build a retailing network and in 1993 it acquired exclusive business representation from Sergio Tacchini, a brand name clothing line, with in several Eastern European countries. In 1994, the partners of the company bought a residential building in central Prague, district 4, with a floor area of 1350 m2 for the purpose of opening their new office premises. Before renovation they felt that in view of better cost controlling and savings they hired new staff, and extended the object of their business into reconstruction of buildings and later the development of land. During the years 1995 – 2001, the company successfully built and renovated facilities thereby gaining experience as a developer of property. The aim of the company was to make its activities more efficient and to re-capitalize their operations, which was made possible in succeeding in finishing their medium scale residential development that resulted in the construction of 109 residential units. The project was developed under an SPV called Service Point, spol. s.r.o. This corporation was established for the purpose of increasing the company’s credibility as well as the possible participation of allowing new investors to capture the profits of new build developments. Recently, DEVO Group a.s. decided to purchase plots of land in the Community of “Jenštejn”, satellite town in Prague which is their second significant residential project which is due for completion in 2005..