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REICO ČS LONG LEASE


Investment in real estate with long-term leases

ISIN:
CZ0008476280

2022/11/25
NAV
1.0536
Difference 0.03% (0.00)

General attributes

Fund typeReal Estate Funds
Investment companyREICO Investiční společnost České spořitelny, a.s.
CurrencyCZK
Type-
Begin of subscription period-
Inception2021/01/19
Licenced inCZ
Duration of fundopen end
Distribution-
Total assets1,225,530,000.00 CZK
Fiscal year01/01 - 12/31
Initial charge1.50%
Management fee1.75%
Ongoing charges2.00%
Minimum investment300
Account number9054582/0800
Recommended holding periodAt least 5 years
Investor experience-
Investor tolerance4 (scale 1-7)

Fund PDF download

Monthly fund reportPDF Download
Obchodní podmínky České spořitelny pro poskytování investičních služebPDF Download
Key Information DocumentPDF Download
CZ FlyerPDF Download
ProspectusPDF Download

Scale: ABS REL


The chart shows the current fund share unit price (NAV) of the nominal value of an investment company proclaimed on that working day. Performances under 12 month have only little informative value.  Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
Advantages Details you should be aware of
• An opportunity for an above average yield from long-term leased commercial real estate at a relatively low risk.• The stable lease income is secured by contract with big and long-term profitable companies.• Protection against inflation – the main source of the fund’s yield, lease income, is secured against the growth of inflation by the so-called inflation clause included in the lease agreements.• Low dependence of the fund’s yield on the development of stock and bond markets.• Low initial investment – one-off or regular investments are possible already starting at CZK 300.• A unique investment strategy – diversification of risks within sectors, countries and the expiry period of individual lease agreements.• The active and professional management of the fund. • Redemption of participation certificates is not permitted in the first 3 years of the fund’s existence in order to protect the certificate holders.• The value of the invested amount and its yield can rise or fall, while there is no guarantee of a return on the originally invested amount. Past performance is no guarantee of future performance.• The fund bears the risk of real estate markets that is actively managed.• The liquidity and currency risk is actively managed using available hedging instruments.• Credit risk related to key tenants is managed by hedging income and diversifying the fund.• The fund does not pay out dividends. Yields from the fund’s management are reinvested.• Investment is appropriate for investors whose reference currency is the Czech crown.

Secondary market

Purchase of share certificates
You need to conclude an Investment Services Agreement to invest in the open-end mutual funds. Then you just need to remit the invested amount to the collection account number of the selected fund and indicate the Asset Account number as the variable symbol (stated in the Investment Services Agreement). It is more convenient to use a regular investment order for regular investments (e.g. via internetbanking) because you can get a discount (the terms and conditions are shown in the Price List). The internetbanking allows you to continuously follow the trend in your investments.

Redemption/sale of share certificates
To redeem share certificates, please visit any branch of Česká spořitelna or use the services of our internetbanking.

For new clients:
If you have not invested with Česká spořitelna yet, contact your personal advisor or come to any branch of Česká spořitelna, or use the free phone line 800 468 378, where we will gladly answer your questions and help you to choose the most convenient investment solution.



Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Performance goal and investment strategy

• The goal of the mutual fund is the long-term return on investments made ranging from 3% to 7% p.a. at the cost on the 4th level of the risk scale.• The fund’s yield depends on income from leases and the value of actually owned real estate.• The fund invests in buildings with a potential for a positive environmental and social impact, particularly in terms of the construction of a building, its operation or the type of activity of the main tenant.• Its specialisation in real estate with long leases boosts the fund’s long-term income aspect allowing for its effective financing.• The share of the fund’s real estate component accounts for up to 80% of its value. However, after the initial three-year period the fund must, for regulatory reasons, hold at least 20% of its assets in liquid securities.

Performance (2022/11/24)

Period YTD
6m
1Y
(% p a)
3Y
(% p a)
5Y
(% p a)
10Y
(% p a)
since inc.
(% p a)
Perf 5.09 4.10 5.62 - - - 3.46

Annual performance in % (2022/11/24)

Period 2017 2018 2019 2020 2021
Perf - - - - -

Statistical figures (-)

Sharpe Ratio-
Volatility in %-

Performance Calculator

Try to calculate the historical performance of the fund with our calculator.

Minimum & maximum performance in % p.a. (2022/11/24)

1Y
5.63
 
-1.92

Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Administrative Building

708 00 Ostrava-Pustkovec, Technologická 374, Czech Republic

Description:

Budova ELCOM v moravskoslezské Ostravě. Nachází se v areálu Moravskoslezského inovačního centra (MSIC) a poblíž ostravské Vysoké školy bánské – Technické univerzity.  Nemovitost o rozloze 4.057 m2 kancelářských a skladových ploch byla postavena v r. 2006 a 2019 jako hlavní výzkumné sídlo společnosti. Společnost má 30letou historii v oblasti testování a měření, energetiky a průmyslové automatizace. Nájemní smlouva je zajištěna na 15 let a umožňuje postoupení veškerých provozních a dalších nákladů nájemci.

Object data:

Usable area (m2): 4,057 m2
Use of building: Administrative Building
Address: 708 00 Ostrava-Pustkovec, Czech Republic
Current value: 183.200.000
Date of purchase: 2021/05/17

Commercial Building

511 01 Turnov, Sobotecká 836, Czech Republic

Description:
Centrum na výrobu plastových obalů společnosti VYVA PLAST se skládá ze dvou industriálních budov a jedné administrativní budovy, které jsou vzájemně propojené. Kromě původní průmyslové budovy byl celý komplex postupně vystavěn v letech 2013 až 2020. Celková pronajímatelná plocha objektu je přes 5,83 tisíc m2 a je plně obsazena. Klienty společnosti jsou nadnárodní koncerny Bosch, Škoda Auto, Foxconn, Velux, Panasonic, SOR a další.

Object data:

Usable area (m2): 5,833 m2
Use of building: Commercial Building
Address: 511 01 Turnov, Czech Republic
Current value: 161.000.000
Date of purchase: 2022/11/10

Commercial Building

62-200 Gniezno, Słoneczna 42, Poland

Description:
Centrum na výrobu baterií společnosti APS, tvoří dvě výrobní a dvě skladové haly, které jsou vzájemně propojené. Součástí objektu jsou i dvě servisní budovy a více než 200 parkovacích míst. Celý komplex byl postupně vystavěn ve třech fázích, z nichž poslední byla dokončena v roce 2018. Celková pronajímatelná plocha objektu je přes 24 tisíc m2 a je plně obsazena. Exkluzivním dlouhodobým nájemcem celého objektu je belgická společnost Advanced Power Solution (APS), lídr v oblasti výroby karbon zinkových a alkalických baterií. APS působí na trzích ve více než 50 zemí světa, včetně Evropy, severní Ameriky a Asie.

Object data:

Usable area (m2): 24,000 m2
Use of building: Commercial Building
Address: 62-200 Gniezno, Poland
Current value: 511.000.000
Date of purchase: 2022/08/03

Commercial Building

32-083 Balice, Kapitana Mieczysława Medweckiego 2, Poland

Description:
Výzkumné a vývojové centrum BWI se skládá ze dvou propojených budov postavených v roce 2020, vyznačujících se šetrností k životnímu prostředí. Jejich součástí jsou zejména laboratorní a kancelářské prostory, ale i například 365 parkovacích míst. Celková pronajímatelná plocha objektu je téměř 11 tisíc m2 a je plně obsazena. Jediným nájemcem centra je nadnárodní společnosti BWI, zaměřující se na vývoj, výrobu a prodej odpružovacích systémů a jiných vybraných součástek a komponentů pro automobilový průmysl. Mezi klienty společnosti patří například značky BMW, Ford, Porsche, Audi, Ferrari nebo Land Rover.

Object data:

Usable area (m2): 10,985 m2
Use of building: Commercial Building
Address: 32-083 Balice, Poland
Current value: 699.012.000
Date of purchase: 2022/04/01

Disclaimer

Full names of open Mutual funds are given in the fund statutes (prospectuses). Pursuant to rules applicable to collective investment, the manager informs that neither the current or expected performance will guarantee the future performance. Investment in investment certificates contains the risk that the current value of amount invested and yields on the amount will fluctuate; thus return on the amount invested is not guaranteed. All information provided herein is of informative nature only and it should not substitute the statute (prospectus) or give its overall summary. Before using this website/information for investment, you should consult consultants of Česká spořitelna. If any yield is mentioned in the reference material, you should always bear in mind that past yields will not guarantee future yields, that any investment is subject to the risk of value fluctuations and change of exchange rates, and that return on the amount invested or profit margin cannot be guaranteed.

Know-How

 
In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

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