Over 2024, the number of investors in the fund grew by 66 pct y-o-y to more than 10,000 and its asset value rose by 50 pct net to CZK 2.9 bln. The fund increased the size of its portfolio to almost 1,000 apartments through the purchase of around 300 units in the third stage of the Vysočanský mlýn project in Prague. The apartments are rented out through the Mint Living platform.
We want to add a further 500 apartments to our portfolio this year and it already appears that we are on track. Our goal is to reach a net asset value of CZK 4.5 by the end of this year. Furthermore, we are concentrating on maintaining full occupancy for all our apartments.
Erik Janovský, partner at the Mint Group and manager of the Mint residential fund.
The fund plans to introduce 168 apartments in a building being developed by Finep to the Mint Living platform in Q1 2026 as well as 306 apartments under development by Metrostav Development in 2027.
Mint Real Estate Group has been operating in the Czech Republic for the last 20 years. The parent company for the group is Mint Investments, an investor, developer, and property manager of commercial properties. In 2020 the group set up the Mint Residential Fund to invest in the PRS market.
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