CB Property Investors once again dominates the TOP Real Estate Funds Ranking
We regularly rank first in the TOP Real Estate Funds ranking by Hospodářské noviny and the Institute for Strategic Investing — and the Q1 2026 results are no exception. Over the past 12 months (to 31 March 2026), CB Property Investors delivered a return of 21.21%, and an average annual return of 21.68% over a three-year horizon — both with a significant lead over the market average.
This marks our fourth consecutive year as market leader. These results are not the product of favourable market conditions, but the outcome of a well-defined investment strategy focused on a mixed portfolio across real estate segments. The above-average returns are driven by carefully selected projects whose value we actively increase — through development, building modernisation, operational improvements and expansion.
We have also just received the first tangible confirmation of our above-average returns: on 11 June, we successfully completed the sale of the Dobré časy senior care facility in Ivančice to the real estate fund Ambeat Care. We entered this project during the construction phase and accompanied it through to a modern facility with 168 beds, which is a significant provider of both healthcare and social care for seniors in the South Moravian Region.
“Dobré časy is a perfect example of what we do at CB Property Investors — building a project from the ground up and handing it over at the moment it is ready for the next stage of development in the hands of a strategic partner. For us, this is the natural conclusion of an investment cycle.”
— Jan Rovný, Head of Investments, CB Property Investors
Considering a real estate investment? We have opened a new fund, CBPI 2. If you are interested in investing with us, schedule a private consultation with our team.
CB Property Investors fund successfully sells the Dobré časy facility to Ambeat Care fund
The real estate fund CB Property Investors, together with private investors from the Crowdberry investment platform, has successfully completed the sale of the Dobré časy facility in Ivančice near Brno. The buyer is the real estate fund Ambeat Care, a joint project of the investment group Ambeat Group of Ivo Foltýn and the insurance company Simplea from the Partners financial group. For investors in the CB Property Investors fund, the transaction is consistent with the above-average returns delivered across the fund as a whole.
CB Property Investors, together with investors from the Crowdberry platform, entered the project during the construction phase and accompanied it through its launch into operation in 2023 to its current form. The Dobré časy facility, with 168 beds, is a significant provider of healthcare and social care in the South Moravian Region, focusing on persons aged 55 and over — typically seniors — and comprises a long-term inpatient care unit and a specialist residential care unit.
“Dobré časy is a perfect example of what we do at CB Property Investors — building a project from the ground up and handing it over at the moment it is ready for the next stage of development in the hands of a strategic partner. For us, this is the natural conclusion of an investment cycle. The value of the asset has grown significantly since our initial investment, and we are pleased that the facility is passing into the hands of a group with both the capacity and the ambition to continue building the best senior care network in the Czech Republic,” said Jan Rovný, Head of Investments at CB Property Investors.
“The Dobré časy facility in Ivančice was, from the very beginning, an investment with a clear social dimension. The facility was developed as a response to a specific and pressing social need — to provide dignified care for seniors in a region that had long experienced a shortage of quality inpatient capacity. Projects like this one, where we can deliver value appreciation, attractive returns for our investors, and a meaningful social impact, represent the most purposeful way we know how to invest,” added Michael Almásy, Director of the Crowdberry investment platform. The return on the investment for Crowdberry platform investors exceeded the expected threshold of 15% per annum.
The sale was completed without external advisors. The sellers are private investors from the Crowdberry investment platform and the real estate fund CB Property Investors, who held the facility through the company CB Senior Ivančice s.r.o. The acquiring fund, Ambeat Care, already holds in its portfolio a hospital in Podbořany, a specialist residential care home in Trnová near Plzeň, and a specialist residential care home in Nové Strašecí, which is currently being renovated — making Ivančice its fourth acquisition of this type. The transaction price was not disclosed by either party.
“The acquisition of the long-term care facility in Ivančice is another step on our path towards our goal — building the largest network of long-term care facilities in the Czech Republic,” said Martin Švec, CEO of Simplea insurance company, part of the Partners group. According to him, the collaboration between the insurance company and Ambeat Group has created “a unique combination of long-term care insurance with the option of placement in facilities operated by the Ambeat Group.”
According to estimates by the Czech Statistical Office, the number of seniors will grow from today’s 2.1 million to 3.1 million by 2050, with the number of people over 80 nearly doubling. The growing number of seniors also means a growing need for care — today, more than 360,000 people in the Czech Republic require assistance with everyday activities, a figure that could reach up to 600,000 by 2050. One in seven seniors will be dependent on care.
About CB Property Investors
CB Property Investors is a qualified investor fund belonging to the Crowdberry group and managed by the investment company Winstor. The fund focuses on investments in real estate with value appreciation potential across various segments — from logistics and residential development to projects with a social dimension, such as healthcare and social care facilities. The fund has long been among the best-performing real estate funds in the Czech Republic.
About Crowdberry
The regulated investment platform Crowdberry has been active in the market since 2015 and provides investment services to more than 16,000 private investors. It enables them to co-own Czech and Slovak companies or provide companies with capital in the form of loans. Crowdberry’s mission is to support direct local investing and deliver returns of between 8% and 20% per annum for investors. Since 2024, Slovenská spořitelna from the Erste group has held a minority stake in the platform. Crowdberry currently manages more than CZK 2.7 billion in Czech and Slovak companies and real estate.
About Simplea
Simplea is a purely Czech insurance company, founded in 2019 from scratch according to the vision of a Czech team unconstrained by corporate mandates. It created a unique life insurance product combining smart technology with common sense. It is the only insurer on the market to guarantee its clients a 99% claims settlement rate. It does not insure trivial risks and focuses on what matters most. Simplea is currently trusted by more than 130,000 clients. Simplea is part of the Partners financial group, which also includes the financial advisory company Partners, Partners investiční společnost, the real estate fund Trigea, the pension company Rentea, and the publishing house NextPage Media, operating the websites Peníze.cz, Finmag.cz and Heroine.cz. The group recently launched its first advisory Partners Bank.
About Ambeat Group
The Ambeat Group of Ivo Foltýn is one of the leading providers of healthcare and social care for seniors, and is now taking over the operation of its 18th facility in the Czech Republic. Operations are managed by its subsidiary AHC, which brings together facilities providing long-term inpatient care beds, social care beds (care homes for seniors and specialist residential care homes) and rehabilitation care. Ambeat Group also develops new capacity independently through its company Ambeat Development, with approximately one thousand additional beds currently in preparation or under construction. The group also operates 45 home healthcare branches under the Sestricka.cz brand, employing 650 nurses across almost the entire country. Their software platform for home care management, e-sestřička.cz, serves the entire market and significantly simplifies the work of nurses in home and social care. Ambeat Group was founded by Ivo Foltýn in 2009, following 16 years of work for the PPF group.
About Ambeat Care
Ambeat Care is a real estate fund focused on the acquisition and operation of long-term care facilities. It was established as a joint project of Simplea insurance company and Ambeat Group of entrepreneur Ivo Foltýn. The fund’s goal is to build a network of modern facilities that combine high-quality healthcare with dignified conditions for patients across the Czech Republic.
The end of betting on a single card: How to navigate the Czech real estate market?
Which segments make the most sense today?
In a commentary for Hospodářské noviny, Jan Rovný explains why it is worthwhile today to focus primarily on projects with added value and development in an advanced stage of permitting: ‘It is precisely there that profit can be actively generated, not just awaited through market growth.’ According to him, the key to success is the ability to search for opportunities outside the public offer (off-market) and to constantly monitor the market so that the strategy can be flexibly adapted to the current situation.
At the same time, he points out that logistics is no longer as straightforward an opportunity as in previous years. However, according to him, undervalued properties in good locations remain interesting, especially in the area of last-mile logistics. In the residential segment, the significance of rental housing is increasing, and opportunities are increasingly appearing also in regional cities outside Prague.
Senior housing as the winner of recent years
According to Jan Rovný, one of the strongest segments remains senior housing, especially long-term inpatient care facilities. ‘The demographic development is relentless and the demand for these services will grow regardless of the state of the economy,’ he states in a comment.
According to CB Property Investors, the ability to choose between different segments based on the current market situation is crucial. Success today does not rely on passively waiting for prices to rise, but on actively seeking opportunities and working with the value of specific projects.
Read the complete commentary by Jan Rovný for Hospodářské noviny and find out why a multi-asset approach pays off in the Czech real estate market, where the most interesting opportunities are emerging today, and why senior housing may be among the most resilient real estate segments of the coming years.
CB Property Investors once again dominates the TOP Real Estate Funds Ranking
While the average return of Czech qualified investor funds reached 7.76% for 2025, CB Property Investors delivered a return of 24.16%. Over a three-year horizon, we achieve an average annual return of 22.09%, which keeps us in the leading position in long-term comparisons as well.
The TOP Real Estate Funds ranking, compiled by Hospodářské noviny in cooperation with the Institute of Strategic Investing, is based on data as of 31 December 2025 published in April 2026. The data clearly shows that we have once again succeeded in significantly outperforming the market average. Moreover, we will soon confirm above-average returns with the first successful sale of one of our properties.
This result is not a matter of chance or a one-off bet on a specific real estate segment. The key is a systematic strategy combining:
- a multi-asset approach across real estate segments
- value-add and development
- active management and value creation
Unlike traditional real estate funds, which often rely on passive rental income and market growth, CB Property Investors applies principles typical of private equity. This means actively engaging in projects, developing them and subsequently enhancing their value.
“In the current phase of the market cycle, it makes the most sense to focus on high-value-add projects and development in an advanced stage of permitting. That is precisely where profit can be actively created, rather than simply waiting for the market to grow.”
— Jan Rovný, Investment Director at CB Property Investors
According to Jan Rovný, the key to success is the ability to identify off-market opportunities and to continuously monitor the market so that the strategy can be flexibly adapted to the current situation.
The complete analysis of real estate funds can be found on the Hospodářské noviny website.
Interested in above-average returns on your capital? Arrange a private consultation with our team.
Thanks to our multi-asset approach, we reduce risk for investors even when a crisis hits.
Different cycles of real estate
At CB Property Investors, we have opted for a multi-asset approach, i.e. investing in multiple asset classes. Our portfolio includes a logistics park, residential development and senior housing. Our goal is to have a diversified portfolio because each of these sectors has different cyclicality. This investment strategy reduces risk for investors while increasing the flexibility of the fund.
“In 2022, we had residential projects in the pipeline, but when interest rates shot up, we practically abandoned this segment and focused heavily on logistics. From today’s perspective, this proved to be the right decision, as can be seen from the fund’s performance.” says Jan Rovný.
Return to the residential sector
However, we have not completely abandoned the residential sector. We cannot afford to wait several years for building permits, as traditional developers do. For us, it is essential to generate the highest possible annual return for investors.
“Therefore, even when we enter into development, we focus primarily on land with a building permit or land that is very close to obtaining one. We look for projects where we do not see any significant regulatory risks and where the municipality or local government is supportive.” Rovný clarifies in an interview for Týdeník Echo.
Inflow of Czech capital
Czech real estate funds recorded a record inflow of capital in 2025. Domestic capital is becoming increasingly prominent. Jan Rovný sees the reasons for this as follows: “While foreign investors view the market from afar and often only through the lens of general geopolitical risks, Czech investors know this market very well. That is why they perceive the risks much more soberly than investors from the US or the UK. In addition, it must be said that real estate prices in Czechia are no longer low. They often do not differ significantly from those in Germany or Western Europe, which is another reason why foreign capital is not rushing into Czechia.”
You can read the entire interview with Jan Rovný on the Týdeník Echo website: https://tydenik.echo24.cz/clanek/-Hqtyp
The Park Vesec residence won the Public Award in the Real Estate Project of the Year 2025 competition.
The goal was never to build a new housing estate
The architectural design of the apartment buildings was created by the Archidee studio from Jablonec nad Nisou. “We were inspired by the proven concept of a villa complex, such as the one located on the shores of Lake Geneva. The main goal was to prevent the creation of a new housing estate.” explains Ing. Arch. Ondřej Novosad.
While Rezidence Park Vesec will offer future residents comfortable facilities with underground garages, photovoltaics, and underfloor heating, it will bring stability and above-standard returns to investors. The project is part of the portfolio of CB Property Investors, which has long been the best-performing Czech real estate fund for qualified investors.
Michal Navrátil, asset & development manager of the CB Property Investors fund, adds: “We were genuinely delighted to receive the public award in the Real Estate Project of the Year 2025 competition. It’s great to see that people appreciate the quality of Rezidence Park Vesec and see it as a place where they really want to live. For us, it confirms that this is not just another anonymous development project, but a place with soul, where people will enjoy living and where there will be space for a vibrant neighborhood community.”
Rezidence Park Vesec currently has the last few apartments available. You can find an overview of these on the project website.
CB Property Investors is the best-performing real estate fund in Q3 2025 and over a three-year period
Articles
The TOP real estate funds ranking is compiled by Hospodářské noviny in cooperation with the Institute for Strategic Investment. Based on data as of 30. 9. 2025, published in December, shows that we have once again significantly outperformed the market average. Moreover, this success is not a short-term phenomenon, as data for the three-year period shows.
Transaction activity was high in the third quarter of the year, although current market developments favor domestic capital. “When we communicate with foreign investors, it is true that they are not very keen to invest in Czechia at the moment. On the one hand, they feel that real estate here is relatively expensive, and on the other hand, they are afraid of the war in Ukraine. For American investors, for example, Czechia is already in the war zone.” says Jan Rovný, investment director at CB Property Investors, adding that this actually creates greater opportunities for Czech capital.
A complete analysis of real estate funds for the third quarter of 2025 can be found on the Hospodářské noviny website.
If you are also interested in above-standard appreciation of your financial resources, arrange a private consultation with our team.
"We are the most transparent company on the market," says Jan Rovný. What principles does CB Property Investors rely on?
How does CB Property Investor strive to gain and maintain investor confidence?
“It is necessary to always monitor what the fund invests in, what its history is, and who is behind it. I think we are the most transparent on the market in this regard. We are in constant personal contact with our investors, we meet at networking evenings, we organize regular webinars, and we explain each step. If you visit our website, you will find each of our email addresses and phone numbers. We also offer investors the opportunity to view our properties in person.” explains Jan Rovný.
In an interview for Hospodářské noviny, Jan also discussed the overall market situation and which real estate segments we focus on as a fund: “We are a fund that invests in various real estate segments, a so-called multi-asset fund. From the outset, our intention has been to purchase properties whose value we can increase, either through renovation, completion of part of a project, or complete construction.”
We select segments based on the current market situation.
This strategy gives us the flexibility to respond quickly to market developments and select segments and specific projects that are most advantageous for investors in terms of returns.
“When we started out, we planned to focus on residential projects. We were in advanced negotiations on projects around Prague, but then there was a sudden change in market conditions, rates skyrocketed, and the market came to a standstill. So we took advantage of our flexibility and bet on logistics. Later, residential development began to make more sense again.”
We are currently focusing our efforts on Rezidence Park Vesec, a residential development in Liberec. We completed the shell of the building at the end of the summer, followed by plastering, and are now working on the interiors. This project also gives investors a unique opportunity to see what their capital is actually creating.
Read the full interview with Jan Rovný for Hospodářské noviny and find out, for example, why domestic capital is pushing out foreign capital, or why residential construction in the regions has started to pay off again.
UCT Fluid Delivery Solutions expands production at CBPI Park Liberec.
UCT Fluid Delivery Solutions expands production at CBPI Park Liberec
Since July 2025, UCT Fluid Delivery Solutions s.r.o. Liberec has been using almost 36,000 m² of production and office space at the CBPI Park Liberec complex. The new premises are leased until June 2038.
UCT has been operating in our park since 2023, when it occupied Hall C. A year later, it took over the first part of Hall B, where it is now increasing its capacity by another 9,300 m². The growing volume of distribution and assembly unit production confirms the company’s ability to respond flexibly to the needs of the dynamic European semiconductor industry.
“The ongoing expansion of UCT proves that we have succeeded in designing and building a complex that meets the high demands of leading technology companies. It also confirms that the approach we took during construction—emphasizing functionality, quality, and sustainability—makes sense,” says Jan Rovný, Head of Investments at CB Property Investors.
The expansion of UCT also fulfills the long-term vision of our real estate fund. The Liberec park attracts stable companies from promising industries and offers them room for growth—which is also good news for the fund’s investors.
CB Property Investors celebrates its fourth anniversary
CB Property Investors launched during a pandemic, a period of significant market fluctuations and changing dynamics across sectors. Rather than a single-minded focus, the fund opted for a diversified portfolio, including renovations, developments, conversions, and speculative projects. The emphasis from the outset was on precise risk management and identifying assets with growth potential.
Today's position and results
After four years of active management, we are two-thirds of the way through the planned investment period. The portfolio built today reflects the original strategy and our team’s ability to enhance the value of each asset through acquisition, financing, leasing, permitting processes, sustainability (including BREEAM certification), and sale.
As a result of this work, CB Property Investors has been ranked as the best-performing Real Estate fund in the Czech Republic for three consecutive years, which only confirms the quality of the strategy and the high level of professional management of the fund.
Výsledkem této práce je skutečnost, že CB Property Investors byl tři roky po sobě vyhodnocen jako nejvýkonnější Real Estate fond v České republice, což jen potvrzuje kvalitu strategie i vysokou úroveň profesionálního vedení fondu.
- We have defended the first place in the TOP Real Estate Funds ranking
- CBPI Park Liberec is completed and fully occupied
- Medical facility in Ivančice reports 90% occupancy
- We are already completing the rough construction of a 58-apartment project in Liberec
- We are working on the preparation for the construction of a new logistics hall near Prague.
Outlook for the future
Thank you to all the investors, partners, and supporters who share our vision. Your trust is the foundation of everything we build together.
CB Property Investors was founded to create value actively, not just manage capital, but to create meaningful and profitable projects from it. Today, we are two-thirds of the way there, and the results fill us with pride. But the most important thing is still ahead of us.
The successful exits we are preparing represent not only the culmination of our work but also the fulfillment of the promise with which we founded the Fund. We look forward to sharing them with you, as proof that patience, strategy, and consistency yield real results.
Thank you for being on board with us!
