CB Property Investors Subfund 2 (CBPI 2), the successor to what has so far been the best-performing real estate fund on the Czech market, has completed its first acquisition. Together with BHS Real Estate Fund SICAV, a real estate fund offered by BH Securities a.s., CBPI 2 has acquired Eastgate Park, a logistics and office complex in Prague’s Štěrboholy district. The transaction was completed just two months after CBPI 2 opened for investors. The fund is building on its predecessor’s successful track record, pursuing a strategy centred on a diversified real estate portfolio and active value creation. Eastgate Park was sold by global real estate investment firm Hines.
Eastgate Park is a fully let urban business park combining logistics, warehousing, offices, and showrooms offering approximately 39,000 sq m of leasable space. Its location offers excellent access to Prague’s motorway network, while the city center can be reached within a 30-minute drive. Eastgate Park is home to more than twenty companies operating across a diverse range of sectors.
“We have long viewed industrial real estate, especially urban logistics as a resilient asset class in which our team’s experience enables us to create significant additional value. Following our investment in a 40,000 sq m industrial complex in Liberec in 2022, we are pleased to expand our activities into the Prague region. Eastgate Park combines strong value-creation potential with the flexibility to serve a diverse tenant base. I am also pleased by the interest of our partners, BH Securities and ČSOB, in working with us on the acquisition of this asset,” said Peter Bečár, Partner at CB Property Investors.
In addition to strengthening relationships with tenants, the fund plans to gradually , adapt the premises to tenants’ needs and, where appropriate, expand the available space. The aim is to build on the strengths of the existing industrial complex and further enhance its positioning as a modern business park for both existing and prospective tenants across a broad range of sectors.
“The acquisition fits our strategy of building a diversified portfolio across multiple real estate segments, thereby enabling Czech and Slovak investors to participate in value creation in their local property markets,” added Peter Bečár.
“Participating in the acquisition of the Eastgate Park complex is part of the long-term direction of our fund, which focuses on commercial properties in the Czech Republic and Slovakia with potential for further development and value growth. The Prague real estate segment is one of the key areas we concentrate on within the BHS Real Estate Fund as well,” added Petr Šrámek, managing director of the real estate companies of co-investor BHS Real Estate Fund SICAV. This acquisition quickly follows the sale of the Oregon House office building in Prague’s Zličín, which was the fund’s first acquisition ever and also one of the model business cases that the fund wants to implement as part of its investment strategy.
“The fact that we were able to close the acquisition two months after launching CBPI 2 is no coincidence. We deliberately waited to launch the fund until we were confident that we had a sufficiently strong pipeline of potential investments. Eastgate Park is only the first step; several other attractive investment opportunities are already in our pipeline,” said Jan Rovný, Investment Director at CB Property Investors.
Prague has long been one of the most attractive markets for industrial and logistics real estate in Europe. According to the Industrial Research Forum and Savills, the vacancy rate for industrial and warehouse space in Greater Prague stood at 3% at the end of the second quarter of 2026. This compared with a nationwide average of 5.8%, while vacancy rates were significantly higher in some regions. Prague also commands some of the highest rents: urban logistics space ranges from EUR 8.25 to EUR 10.00 per sq m per month, compared with EUR 5.50 to EUR 6.60 outside Prague. Net demand for warehouse and logistics space increased by 40% year on year, driven primarily by manufacturing companies consolidating operations or relocating production to areas with better access to skilled labour.
About CBPI 2
The newly launched CB Property Investors Subfund 2 (CBPI 2) builds on the successful track record of its predecessor, CBPI. CBPI 2 is a fund for qualified investors and, like its predecessor, focuses on real estate investments with value-creation potential across a range of segments, ranging from logistics and residential development to retail parks and projects with a broader social impact, including healthcare and social care facilities. CBPI 2 targets return of over 10% per annum. The fund is part of the Crowdberry group and is managed by Winstor. CBPI 2 is currently open to new investors.
About CB Property Investors
CB Property Investors is a group of real estate funds for qualified investors that forms part of the Crowdberry group. Its funds are managed by investment company Winstor. It currently comprises two funds—CBPI and CBPI 2.
The group’s strategy is based on active value creation: its real estate team identifies properties with appreciation potential and actively unlocks that potential by modernising or expanding existing assets, developing new or completing unfinished projects.
The group has already demonstrated the effectiveness of this strategy through its first fund, which has delivered an average annual return of approximately 17% since inception. Within the fund portfolio, the team completed a logistics facility in Liberec, developed a residential complex, and this year, successfully sold Dobré časy—a senior care facility comprising a long-term inpatient care unit and senior housing—to a strategic investor Ambeat Group.
About BH Securities
BH Securities a.s. is a licensed securities dealer and a member of the Prague Stock Exchange. The company was founded in 1993 and is part of the PROXY – FINANCE, a.s. holding. It is one of the most important domestic non-banking financial entities. Thanks to its many years of operation, the company has gained extensive experience, customer trust, and established a strong position in the Czech capital market. The company provides comprehensive services in the capital market for both institutional investors and individuals. Its main activities include trading securities on its own or clients’ accounts domestically and abroad, as well as managing customer portfolios (asset management).
BHS Real Estate Fund SICAV is established under Czech law as a fund for qualified investors. The main underlying asset consists of investments in commercial real estate, primarily office and logistics/industrial buildings in the Czech Republic and Slovakia. Some of the fund’s biggest achievements in its history include acquisitions and sales of office buildings in the Czech Republic. This year and last, the fund completed investment processes for the office projects Hambuk Business Center and Oregon House. In both cases, the fund, through active project management, was able to fully lease the office spaces that were vacant at the time of purchase. The projects were gradually brought to perfect technical condition, and strategic long-term investors were found for them.