Silverline Real Estate story
Story of Silverline group begins with acquisition of four apartments in downtown Prague, their complete renovation, repositioning, and subsequent sale
Silverline quickly scales-up the established business model with dozens of apartments in downtown Prague (renovation & repositioning, lease, sale)
Silverline grows and transforms its activities into residential development: acquisition of a multifunctional property in Ostrava city for conversion to residential usage, and acquisition of building plots in Vysoky Ujezd, Prague area for development of luxury villas
We open up for external investors - a fund for qualified investors, Silverline Real Estate, is created, with the goal to further diversify and scale up our development projects. The group's existing activities are transferred to the fund, which officially launches in January 2022.
Silverline Real Estate quickly establishes itself on the Czech market. Gradually, partnerships with the largest broker pools Broker Trust and SAB Servis were established. Also, we have entered into a distribution agreement with CONSEQ, the largest securities trader in the Czech Republic. With the launch of 3 new projects in Pilsen and Prague area, Silverline continues in its growth and portfolio diversification. First year on the market is crowned with excellent results - among ~30 QIFs focused on real estate in the Czech Republic, we have ranked in top 5 with a net return of 10% p.a. Furthermore, within the residential segment, we have become No. 1!
Fund doubles in terms of assets under management and reaches EUR ~8 mil. in size. This enables further diversification – new, already sixth, project was launched in Brno. Also, new investment stock class with expected return of 11-12% p.a. was launched. Fund also continues in expansion of its distribution network, this time by partnering with Chytry Honza and OK Group.
Fund further delivers returns of 10-12% p.a. to its investors and its assets under management grow to EUR ~12 mil. New co-operation was established with Long Capital, a private wealth advisor and a fund of funds. As of December 1st, 2023, Codya investment company becomes new fund manager of Silverline Real Estate with the aim to further accelerate growth of Silverline also by leveraging Codya MIX tool.
Fund doubled its assets under management year-on-year, the project portfolio grew already to seven projects in five regions within Czech Republic. In the area of distribution, the fund established cooperation with Cyrrus and is also entering the Slovak market. Fund also implements the SFDR directive, making it one of the first "light green" real estate funds in the Czech market as of September 1st, 2024.