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 2,6 mld. Kč, 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 | |
TAVARESA a.s. | 100%[21] | 2006 | 34 | Campus Park Stodůlky | bank loans CZK 200 million, shares pledged to Česká spořitelna |
CPDP Jungmannova s.r.o. | 100% | 2006 | 169 | administrative building on Jungmann square in Prague | sold in 2013[22] |
CPDP Shopping Mall Kladno, a.s. | 100% | 2007 | 470 | OAZA Kladno | sold in 2015[23] |
CP Praha s.r.o. | 99,9% | 2007 | 1,038 | unsold flats in project Central Park Praha | Declared insolvency in January 2015.[24][25] |
CPDP Logistics Park Kladno I a.s. | 100% | 2008 | 189 | CZK 41 million loan from CPDP[26] | |
CPDP Logistics Park Kladno II a.s. | 100% | 2008 | 182 | CZK 36 million loan from CPDP[27] |
References
- ^ "About company". cpdp.eu. Archived from the original on 2009-06-16.
- ^ a b Annual report of Česká spořitelna for 2009, page 178
- ^ E15, Česká spořitelna vyprodává reality, front page
- ^ Klára Gajdušková (Česká spořitelna), Petra Zdeňková (Sekyra Group), Na trh vstupuje první český realitní fond CPDP (press release), 22 September 2004
- ^ a b Commercial register at justice.cz, identification number (IČ) 27102203, CEE Asset Management s.r.o.
- ^ Annual report of Česká spořitelna for 2004, pages 24 and 69
- ^ Annual reports of CPDP Jungmannova and Mrázovka II for years 2006-2007
- ^ Česká spořitelna, Nabídkový program investičních certifikátů a warrantů, 21. May 2007, table no. 10
- ^ Minutes from extraordinary general meeting of CPP Lux S.ar.l. assembled on 12 February 2009. CPDP subscribed 15.000.000 shares with nominal value 1 euro and increased its stake to 99,93 % (15.002.500/15.012.500)
- ^ Vladimír Kaláb, Olga Skalková, Central Park Praha - od "projektu snů" utíkají klienti, HN.IHNED.CZ 15 January 2010, ("180 out of 340 clients cancelled the purchase contrants for flats in projects Central Park Praha.")
- ^ Kateřina Menzelová, Deset tisíc neprodaných bytů v Praze. Proč masově nezlevní?, Česká pozice, 2. February 2011 ("Only a third from the 540 flats is sold. The prices decreased from more than CZK 100 thousand per square meter to CZK 64 - 85 thousand per square meter.")
- ^ a b "Private investors" (PDF). Archived from the original (PDF) on 2012-03-22. Retrieved 2011-03-30.
- ^ Denisa Novotná, Tereza Zavadilová, Spořitelna se zbavuje budov za miliardy korun, No 690, 16 August 2010, front page
- ^ "Česká spořitelna prodává nemovitosti za miliardy". 16 August 2010.
- ^ Commercial register at justice.cz and corresponding annual reports published there
- ^ "Archived copy". Archived from the original on 2012-03-22. Retrieved 2011-03-30.
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: CS1 maint: archived copy as title (link) - ^ Commercial register at justice.cz, identification number (IČ) 63999731
- ^ Commercial register at justice.cz, identification number (IČ) 27076750
- ^ Commercial register at justice.cz, identification number (IČ) 27567249
- ^ Commercial register at orsr.sk identification number (IČ) 36358843
- ^ Commercial register at justice.cz, identification number (IČ) 27061949
- ^ Commercial register at justice.cz, identification number (IČ) 27593274
- ^ Commercial register at justice.cz, identification number (IČ) 26504731
- ^ Insolvency register at isir.justice.cz, MSPH 60 INS 851 / 2015
- ^ Commercial register at justice.cz, identification number (IČ) 27640965
- ^ Commercial register at justice.cz, identification number (IČ) 27903931
- ^ Commercial register at justice.cz, identification number (IČ) 27920747