Fidurock’s real estate fund acquires premium apartment building in Brno
Fidurock Real Estate Fund SICAV has expanded its property portfolio by acquiring an apartment building located at Provazníkova 40 in Brno, with a value exceeding CZK 400 million. The building offers 73 residential units and six retail units and is currently fully leased (100% occupancy). The total value of assets within the fund has now surpassed CZK 650 million.
The acquisition of Provazníkova 40 into our retail fund represents another important step in fulfilling our long-term strategy of acquiring premium rental properties. It also confirms our ability to attract new investor capital, which will allow us to acquire several additional apartment buildings this year. Provazníkova is a model example of a modern rental property following a complete renovation. The building is located in an attractive area of Brno, with 100% occupancy, strong tenant demand and a healthy growth dynamic in rental income. These are exactly the types of assets that form and will continue to form the backbone of a stable, long-term profitable portfolio for our investors.
Provazníkova 40 is a modernized apartment building with six above-ground floors and a total area of 3,760 m², of which 2,810 m² is residential space. The property includes 73 residential units and six retail units on the ground floor, along with five parking spaces. It is a fully stabilized residential asset with 100% occupancy and continuous annual growth in newly agreed rents. The building predominantly offers efficiently designed smaller and medium-sized apartments (studio and one-bedroom units), including units located in the 5th and 6th-floor extension, which provide attractive views over the city of Brno. The property underwent a complete renovation in two phases. Between 2019–2020, the first phase included the reconstruction of the 1st to 4th floors and retail units. The second phase, completed between 2022–2023, added two new floors and expanded the building by 23 additional residential units.
The building generates stable rental income, and according to the yield valuation as of 31 December 2025, its current value exceeds CZK 400 million.
Fidurock Real Estate Fund SICAV currently manages assets worth over CZK 650 million, with more than 1,500 investors, and this number continues to grow each month. Fund capital already exceeds CZK 400 million, and by the end of the year, we aim to manage assets exceeding CZK 1 billion. Market developments in 2025 have shown that dynamic, actively managed real estate funds focused on rental housing have significant growth potential.
Brno, the second-largest city in the Czech Republic, has experienced significant demographic and economic growth in recent years. Data tracking property prices and rental levels on Provazníkova Street confirms that smaller apartments in this area have seen strong price growth. This growth is primarily driven by excellent accessibility to the city centre, complete local amenities within walking distance — including supermarkets, cafés, sports facilities and parks — combined with limited new construction and long-term population growth. As a result, the location represents one of the most attractive areas for long-term residential investment in Brno and a natural addition to the Fidurock retail fund portfolio.
