CEE Property Development Portfolio B.V. (CPDP) is a closed-end real estate investment fund registered in the Netherlands. [1] It is part of consolidated financial statements of Erste Group's subsidiary Česká spořitelna. [2] In October 2015 Česká spořitelna announced it intends to liquidate the fund. [3]
Since its launch in September 2004 its assets are managed by company CEE Asset Management (CEE AM). [4] [5] [6] CEE AM used to be a subsidiary of real estate development company Sekyra Group managed by Luděk Sekyra, since April 2008 it was owned by Jersey-based CEE ASSET MANAGEMENT LIMITED. [5]
After its incorporation CPDP purchased company Roztyly Centrum, owner of administrative building leased by T-Mobile Czech Republic, and company Gallery MYŠÁK owning a real estate in downtown of Prague. In August 2006 the fund founded a subsidiary CPDP Jungmannova, which in turn acquired from Sekyra Group company Mrázovka II, owning administrative building Golden Cross on Jungmann square in Prague. [7] In April 2007 CPDP acquired 20% stake in project Central Park Praha. [8] In February 2009 the fund subscribed newly issued shares of company CPP Lux and as a result increased its share in project Central Park Praha to 99,9%. [9] [10] [11] [12]
In December 2009 Česká spořitelna recognised a provision of CZK 1.8 billion against its ownership interest in CPDP. [2] In August 2010 daily E15 reported about attempt of CPDP to sell companies from its real estate portfolio. [13] [14]
subsidiary | share | acquired in | investment | real estate | notes |
---|---|---|---|---|---|
Gallery MYŠÁK a. s. | 100% | 2004 | 307 | building in Vodičkova street in Prague | sold in 2016 [17] |
CPDP 2003 s.r.o. | 100% | 2004 | 579 | headquarters of T-Mobile ČR in Prague-Roztyly | bank loans gradually decreased from CZK 2.7 bn at the end of 2005 to CZK 1.2 bn at the end of 2022, ownership stake pledged to Česká spořitelna [18] |
CPDP Polygon s.r.o. | 100% | 2006 | 253 | building in Prague | sold in 2014 [19] |
CPDP Prievozska, a.s. | 100% [20] | 2006 | 266 | building in Prievozská street in Bratislava | sold in May 2017 |
TAVARESA a.s. | 100% [21] | 2006 | 34 | sewage and water connections in Prague-Stodůlky | sold in 2013 for approx. CZK 3 mio. to Unistav [22] |
Campus Park a.s. | 100% [23] | 2006 | 51 | Campus Park Stodůlky | spun off from TAVARESA, sold in October 2016 |
CPDP Jungmannova s.r.o. | 100% | 2006 | 169 | administrative building on Jungmann square in Prague | sold in 2013 [24] |
CPDP Shopping Mall Kladno, a.s. | 100% | 2007 | 470 | OAZA Kladno | sold in September 2015 for CZK 13 mio. to Qidong Heng [25] [26] |
CP Praha s.r.o. | 99,9% | 2007 | 1,038 | unsold flats in project Central Park Praha | declared insolvency in January 2015. [27] [28] |
ČS Technické centrum s.r.o. | 100% | 2007 | 300 | building in Prague | bought for CZK 300 mio. crowns from Dutch companies Allafon Holding B.V. and Allafon Holding II N.V. owned by entrepreneur Luděk Sekyra, [29] [30] sold to Česká spořitelna in 2010 |
CPDP Logistics Park Kladno I a.s. | 100% | 2008 | 189 | land plot by Buštěhrad and project [31] | liquidation completed in September 2017 [32] |
CPDP Logistics Park Kladno II a.s. | 100% | 2008 | 182 | land plot by Buštěhrad and project [33] | liquidation completed in September 2017 [34] |
Total | 3,837 |
{{
cite web}}
: CS1 maint: archived copy as title (
link)
CEE Property Development Portfolio B.V. (CPDP) is a closed-end real estate investment fund registered in the Netherlands. [1] It is part of consolidated financial statements of Erste Group's subsidiary Česká spořitelna. [2] In October 2015 Česká spořitelna announced it intends to liquidate the fund. [3]
Since its launch in September 2004 its assets are managed by company CEE Asset Management (CEE AM). [4] [5] [6] CEE AM used to be a subsidiary of real estate development company Sekyra Group managed by Luděk Sekyra, since April 2008 it was owned by Jersey-based CEE ASSET MANAGEMENT LIMITED. [5]
After its incorporation CPDP purchased company Roztyly Centrum, owner of administrative building leased by T-Mobile Czech Republic, and company Gallery MYŠÁK owning a real estate in downtown of Prague. In August 2006 the fund founded a subsidiary CPDP Jungmannova, which in turn acquired from Sekyra Group company Mrázovka II, owning administrative building Golden Cross on Jungmann square in Prague. [7] In April 2007 CPDP acquired 20% stake in project Central Park Praha. [8] In February 2009 the fund subscribed newly issued shares of company CPP Lux and as a result increased its share in project Central Park Praha to 99,9%. [9] [10] [11] [12]
In December 2009 Česká spořitelna recognised a provision of CZK 1.8 billion against its ownership interest in CPDP. [2] In August 2010 daily E15 reported about attempt of CPDP to sell companies from its real estate portfolio. [13] [14]
subsidiary | share | acquired in | investment | real estate | notes |
---|---|---|---|---|---|
Gallery MYŠÁK a. s. | 100% | 2004 | 307 | building in Vodičkova street in Prague | sold in 2016 [17] |
CPDP 2003 s.r.o. | 100% | 2004 | 579 | headquarters of T-Mobile ČR in Prague-Roztyly | bank loans gradually decreased from CZK 2.7 bn at the end of 2005 to CZK 1.2 bn at the end of 2022, ownership stake pledged to Česká spořitelna [18] |
CPDP Polygon s.r.o. | 100% | 2006 | 253 | building in Prague | sold in 2014 [19] |
CPDP Prievozska, a.s. | 100% [20] | 2006 | 266 | building in Prievozská street in Bratislava | sold in May 2017 |
TAVARESA a.s. | 100% [21] | 2006 | 34 | sewage and water connections in Prague-Stodůlky | sold in 2013 for approx. CZK 3 mio. to Unistav [22] |
Campus Park a.s. | 100% [23] | 2006 | 51 | Campus Park Stodůlky | spun off from TAVARESA, sold in October 2016 |
CPDP Jungmannova s.r.o. | 100% | 2006 | 169 | administrative building on Jungmann square in Prague | sold in 2013 [24] |
CPDP Shopping Mall Kladno, a.s. | 100% | 2007 | 470 | OAZA Kladno | sold in September 2015 for CZK 13 mio. to Qidong Heng [25] [26] |
CP Praha s.r.o. | 99,9% | 2007 | 1,038 | unsold flats in project Central Park Praha | declared insolvency in January 2015. [27] [28] |
ČS Technické centrum s.r.o. | 100% | 2007 | 300 | building in Prague | bought for CZK 300 mio. crowns from Dutch companies Allafon Holding B.V. and Allafon Holding II N.V. owned by entrepreneur Luděk Sekyra, [29] [30] sold to Česká spořitelna in 2010 |
CPDP Logistics Park Kladno I a.s. | 100% | 2008 | 189 | land plot by Buštěhrad and project [31] | liquidation completed in September 2017 [32] |
CPDP Logistics Park Kladno II a.s. | 100% | 2008 | 182 | land plot by Buštěhrad and project [33] | liquidation completed in September 2017 [34] |
Total | 3,837 |
{{
cite web}}
: CS1 maint: archived copy as title (
link)