CEE Property Development Portfolio B.V. (CPDP) is a closed-end real estate investment fund registered in the
Netherlands.[1] It is part of consolidated financial statements of Erste Group's subsidiary Česká spořitelna.[2] In October 2015 Česká spořitelna announced it intends to liquidate the fund.[3]
Since its launch in September 2004 its assets are managed by company CEE Asset Management (CEE AM).[4][5][6] CEE AM used to be a subsidiary of real estate development company Sekyra Group managed by Luděk Sekyra, since April 2008 it was owned by Jersey-based CEE ASSET MANAGEMENT LIMITED.[5]
After its incorporation CPDP purchased company Roztyly Centrum, owner of administrative building leased by T-Mobile Czech Republic, and company Gallery MYŠÁK owning a real estate in downtown of Prague. In August 2006 the fund founded a subsidiary CPDP Jungmannova, which in turn acquired from Sekyra Group company Mrázovka II, owning administrative building Golden Cross on Jungmann square in Prague.[7] In April 2007 CPDP acquired 20% stake in project Central Park Praha.[8] In February 2009 the fund subscribed newly issued shares of company CPP Lux and as a result increased its share in project Central Park Praha to 99,9%.[9][10][11][12]
In December 2009 Česká spořitelna recognised a provision of CZK 1.8 billion against its ownership interest in CPDP.[2] In August 2010 daily E15 reported about attempt of CPDP to sell companies from its real estate portfolio.[13][14]
Subsidiaries of CPDP, brutto equity investment in million CZK[12][15][16]
bought for CZK 300 mio. crowns from Dutch companies Allafon Holding B.V. and Allafon Holding II N.V. owned by entrepreneur Luděk Sekyra,[29][30] sold to Česká spořitelna in 2010
^ abAnnual report of Česká spořitelna for 2009, page 178
^E15, Česká spořitelna vyprodává reality, front page
^Klára Gajdušková (Česká spořitelna), Petra Zdeňková (Sekyra Group), Na trh vstupuje první český realitní fond CPDP (press release), 22 September 2004
^ abCommercial register at justice.cz, identification number (IČ) 27102203, CEE Asset Management s.r.o.
^Annual report of Česká spořitelna for 2004, pages 24 and 69
^Annual reports of CPDP Jungmannova and Mrázovka II for years 2006-2007
^Česká spořitelna, Nabídkový program investičních certifikátů a warrantů, 21. May 2007, table no. 10
^Minutes from extraordinary general meeting of CPP Lux S.ar.l. assembled on 12 February 2009. CPDP subscribed 15.000.000 shares with nominal value 1 euro and increased its stake to 99,93 % (15.002.500/15.012.500)
^Vladimír Kaláb, Olga Skalková, Central Park Praha - od "projektu snů" utíkají klienti, HN.IHNED.CZ 15 January 2010, ("180 out of 340 clients cancelled the purchase contrants for flats in projects Central Park Praha.")
^Kateřina Menzelová, Deset tisíc neprodaných bytů v Praze. Proč masově nezlevní?, Česká pozice, 2. February 2011 ("Only a third from the 540 flats is sold. The prices decreased from more than CZK 100 thousand per square meter to CZK 64 - 85 thousand per square meter.")
^Commercial register at justice.cz, identification number (IČ) 63999731
^Commercial register at justice.cz, identification number (IČ) 27076750
^Commercial register at justice.cz, identification number (IČ) 27567249
^Commercial register at orsr.sk identification number (IČ) 36358843
^Commercial register at justice.cz, identification number (IČ) 27061949
^Accounting statements of UNISTAV Vinoř II, s.r.o. for calendar year 2013
^Commercial register at justice.cz, identification number (IČ) 24244210
^Commercial register at justice.cz, identification number (IČ) 27593274
^Annual report of CEE Property Development Portfolio 2 a.s. for 2015, page 13, section Revenues from sale of securities and shares
^Commercial register at justice.cz, identification number (IČ) 26504731
^Insolvency register at isir.justice.cz, MSPH 60 INS 851 / 2015
^Commercial register at justice.cz, identification number (IČ) 27640965
^Annual report of Sekyra Group, a.s. for 2008, auditor KPMG, quit. "... v souladu se smlouvou o převodu obchodních podílů společnosti ČS Technické centrum s. r. o. uzavřené dne 15. 12. 2006 mezi Allafon Holding B.V. a Allafon Holding II N.V. (jakožto prodávajícími) a CPDP IT Centrum s. r. o. a CEE Property Development Portfolio B.V. (jakožto kupujícími), na základě kterých společnost Sekyra Group, a.s. ručí za splnění veškerých závazků prodávajících obchodních podílů ve prospěch kupujících a dále se Sekyra Group, a.s. zavázala společně s prodávajícími k odškodnění proti veškerým ztrátám ..."
^Contract about transfer of ownership dated 28. August 2007, published at justice.cz, C 103851/SL13/MSPH and C 103851/SL14/MSPH
^Annual report of CPDP Logistics Park Kladno I a.s. for calendar year 2014
^Commercial register at justice.cz, identification number (IČ) 27903931
^Annual report of CPDP Logistics Park Kladno II a.s. for calendar year 2014
^Commercial register at justice.cz, identification number (IČ) 27920747
