“Today, the complex – conveniently located between the highway and the South Link – generates a stable operating profit and offers the possibility of future development for light production or warehouses.”

Marek Klaus, partner at ICP Group

ICP Group purchased receivables from Sberbank in 2015. In 2015, ICP Group won a tender to purchase problematic receivables from Sberbank in the order of tens of millions Czech cowns, which were secured by a multi-purpose complex of 140,000 sq ft in Prague. Our team subsequently suspended the ongoing insolvency proceedings and agreed with the debtors to restructure. Today, the project is financially stable.

ICP is considering the future use of the area as the current and the proposed metropolitan plan allow for the expansion of the built-up areas. Due to its very attractive location, this is a project with high added value. ICP is considering custom-made development for a potential long-term tenant.