Month: September 2026

The CB Property Investors fund is successfully wrapping up another investment cycle. The modern logistics and manufacturing complex, CBPI Park Liberec, is being sold together with co-investor Idoneus Investment j. s. a. to the ERSTE Realitná Renta fund, managed by Erste Asset Management. This is ERSTE Realitná Renta’s first real estate investment in the Czech Republic. For CB Property Investors, the deal marks a successful close to the investment period, during which their real estate team transformed an under-construction brownfield into a modern, fully leased, and stabilized asset.

CBPI Park Liberec consists of three modern A-class buildings with a total leasable area of 38,300 m². The park is fully leased and has received BREEAM Excellent certification, which confirms its high standard in sustainability and modern technical features.

From a partly built brownfield to a stabilized site

CB Property Investors joined the project in 2022 as a strategic partner, at a time when the site needed additional funding and completion. On the site of the former poultry plant, a modern production and logistics park gradually emerged, which the fund continued to develop, lease out, and adapt to tenants’ needs.

CBPI Park Liberec is a perfect example of the investment approach the fund has been building its strategy on from the start. It doesn’t just rely on increasing value of the whole property market, but looks for projects where its real estate team can actively boost value – for example through developing, modernizing, expanding rentable space, or working closely with tenants.

“When we entered CBPI Park Liberec in 2022, the project still had significant untapped potential. Since then, our team has completed and developed the park, secured long-term occupancy and brought it to a fully stabilised institutional standard. An important part of the process was our ability to deliver a high-quality asset tailored to the specific operational needs of UCT while meeting the expectations of long-term institutional investors. I would also like to thank our tenants, UCT and Cattron, for their trust and cooperation throughout the development of the park,” said Jan Rovný, Investment Director CB Property Investors.

Long-term tenant from the semiconductor industry

The key tenant of the complex is UCT Fluid Delivery Solutions, which is part of the Ultra Clean Holdings group traded on the Nasdaq. The company is one of the global suppliers of critical systems and components for the semiconductor industry.

UCT has been operating in the CBPI Park Liberec since 2023 and is gradually expanding its facilities in the area. Since July 2025, it has been using nearly 36,000 m² of production and office space.

The complex is located in the established Liberec-South industrial zone with good connections to Prague, Germany, and Poland via the D35 highway. The combination of a strategic location, long-term lease, and the property’s technical quality has created a stable asset suitable for a long-term institutional owner.

ERSTE Real Estate Rent enters the Czech market

For the buyer, the acquisition of CBPI Park Liberec represents their first real estate investment in the Czech Republic and another step in building a diversified portfolio of quality commercial properties in Central Europe.

“CBPI Park Liberec is a high-quality logistics and manufacturing asset with strong sustainability credentials, an attractive tenant mix and long-term income visibility. The acquisition further enhances the diversification of the fund and marks another important step in building a resilient portfolio of institutional-grade commercial real estate assets across Central Europe,” added Michael Rausch, Head of Transaction Management CEE at ERSTE Immobilien KAG.

“Entering the Czech market is a significant milestone for ERSTE Realitná Renta and a natural step in the fund’s growth. CBPI Park Liberec is exactly the type of opportunity we are looking for — a high-quality, fully leased asset that fits our strategy and strengthens portfolio diversification. With this transaction, we are bringing our investors diversification not only by asset class, but also by geography. While entering a new market is always a challenge, we are confident in our ability to succeed thanks to the strong Erste Asset Management platform and its established presence across the CEE region,” said Jaroslav Pilát, Head of Real Asset Management at Erste Asset Management, Slovakia.

Second successful exit and continuation of the strategy in CBPI 2

For CB Property Investors, this is already the second successful exit in 2026. In June, the fund, together with investors from the Crowdberry platform, completed the sale of the Dobré časy post-care facility in Ivančice to the Ambeat Care fund. In this case too, the fund got involved in the project while it was still under construction and actively saw it through to completion and the start of operations, all the way to the eventual sale to a strategic investor.

“We are delighted to hand over CBPI Park Liberec to Erste Asset Management, an experienced and reputable long-term investor that recognises the quality of the asset, the relationships built around it and its importance for the further growth of its tenants and the region. This transaction is another important proof point for the strategy we have pursued since the launch of CB Property Investors, demonstrating our ability to create value throughout the investment cycle and realise it through a successful exit. We also see this as the beginning of a strong relationship with Erste Asset Management and look forward to opportunities to work together again in the future” said Peter Bečár, partner CB Property Investors.

CBPI 2 builds on the strategy of the first fund by investing across real estate segments in projects with potential for active value growth. In August 2026, it made its first acquisition: together with BHS Real Estate Fund SICAV, it bought the Eastgate Park logistics and office complex in Prague. The fund is currently open to qualified investors.

About CB Property Investors

CB Property Investors is a group of real estate funds for qualified investors within the Crowdberry investment group. Its funds are managed by Winstor investiční společnost and the platform currently comprises two funds — CBPI and CBPI 2.

The group follows an active value-creation strategy, investing across different real estate segments in projects where its experienced team can increase value through development, completion, modernisation, operational improvements or expansion. The first CB Property Investors fund has delivered an average annual return of approximately 17% since inception.

Building on the strong track record of the first fund, CBPI 2 applies the same investment approach to a new portfolio of projects and is currently open to qualified investors.

About the Erste Realitná Renta Fund and the Management Company:

ERSTE Realitná Renta, a real estate fund of Erste Asset Management GmbH, was established in 2019 and focuses on investments in high-quality commercial properties in attractive locations that take environmental criteria into account. For clients, it represents a complementary long-term investment alongside traditional asset classes, as property values do not directly correlate with the performance of other financial instruments such as equities or bonds. It may also help preserve long-term value during periods of elevated inflation.

Erste Asset Management GmbH, Slovak Republic Branch, is part of the strong Erste Group financial group and ranks among the largest asset management companies in the Slovak market. It currently manages more than EUR 3 billion and offers its clients fund management and investment portfolio management products and services. Mutual funds managed by Erste Asset Management are available to investors through Slovenská sporiteľňa´s branch network as well as via the George online platform. By combining traditional and digital distribution channels, clients can conveniently manage their investments according to their individual preferences.