Czech subsidiary renamed to EURAMCO Asset Czech
SachsenFonds, a company that manages investments in real estate and renewable energy sources, is changing its name. The new business name EURAMCO stands for European Asset Management Company and reflects our growing presence on international markets. The company was started in 1999 as one of the subsidiaries of Landesbank Sachsen. Today, the EURAMCO Group administers close to EUR 4 billion in approximately 60 private investment funds. In Europe, EURAMCO has three offices: the headquarters in Ascheim near Munich (investment management in Western Europe), in Prague (investment management in Central and South-Eastern Europe) and in Warsaw. In addition, the company also operates on the Australian market with a branch office in Sydney.
In the Czech Republic, EURAMCO began operations in 2004 and over the past 13 years, it has acted as an investment manager for institutional and private investors who decided to invest their capital in A+ commercial real estate in the Czech Republic and other Central and South-Eastern European countries. The Czech subsidiary provides investment counselling, calculates efficiency and return on investment and represents its clients when buying (and later selling) real estate. It oversees everyday building/facility management, keeps accounts and hits targets related to the appreciation of the investment (asset management).
“Thanks to our long-term experience and the active approach we take towards the assets entrusted to us, the investments that we are in charge of have been successful. We focus on projects that bring long-term and sustainable profits to their investors. We build on transparency and stability, which helps to increase the trust of global investors in the Central and South-Eastern European region and reinforces their decision to invest their funds here,” says Robert Pastuszek, the long-standing director of EURAMCO Asset Czech. He continues: “We took advantage of the high demand for quality commercial real estate that has been present on the investment real estate market, and we have managed to increase its value. In the Czech Republic, we successfully sold the prime office facility Avenir Business Park in Prague 5 on behalf of a foreign owner (the seller was Lone Star and the buyers were Tristan Capital Partners and Mint Investments) and the established logistics part Karlovarská Business Park west of Prague (the seller was Lone Star and the buyers were Conseq Realitní and Accolade). Throughout the entire CEE region, we have concluded investment transactions worth nearly EUR 140 million this year. They concern approximately 80,000 square metres of leasable area in office, retail and logistics buildings. We follow the CEE real estate market for our clients and continuously evaluate suitable investment opportunities/business proposals.”
For more than 10 years, EURAMCO Asset Czech has been based in Bredovský dvůr, an office building in Prague 1, which the company also administers for its investors. For more information about EURAMCO’s activities, please visit: www.euramco.cz or www.euramco-asset.de.