Fund Acquisition: New home for the elderly in Ivančice
A new home for the elderly that has received capital from our CB Property Investors fund will open near Brno during the summer of 2022. It will offer a total capacity of 167 beds, combining the services of a special care home with long-term health care beds. The home for the elderly in Ivančice will be operated by the Vinetron company of entrepreneur Petr Vaka. Financing for the Dobré časy senior home project was also provided by Slovak entrepreneur Jozef Gima.
It is becoming increasingly difficult to find a decent place to spend the autumn of life in the Czech Republic. In 2020 alone, more than 46,000 applications for a bed were rejected in the Czech Republic, and the situation is threatening to worsen due to the ageing population. For this reason, private investors are increasingly entering the senior housing business. One example is the Bratislava-based Dúbravská oáza project, which raised growth capital through the Crowdberry investment platform.
We, too, saw the potential of the property in Ivančice and decided to finance the business plan of Petr Vaca, who will run and manage the facility. Additional funding was provided by Slovak entrepreneur Jozef Gima. He and his company, Biznis Hub, have been working with Crowdberry for a long time and together we want to continue to invest in this area.
The house for the elderly, named Dobré časy, will be built on property that was purchased from Přemysl Veselý's construction company before the project was finally approved. The first inhabitants are expected to arrive this summer. The facility will offer a total of 77 beds for seniors with higher levels of dementia and 90 long-term care beds. Future clients will also receive extra services such as hydro-massage, workshops, light therapy and hairdressing. The building will also house a medical clinic.