CEE Property Development Portfolio B.V. (CPDP) is a closed-end real estate investment fund registered in the Netherlands. It is part of consolidated financial statements of Erste Group's subsidiary Česká spořitelna.Annual report of Česká spořitelna for 2009, page 178 In October 2015 Česká spořitelna announced it intends to liquidate the fund.E15, Česká spořitelna vyprodává reality, front page
Since its launch in September 2004 its assets are managed by company CEE Asset Management (CEE AM).Klára Gajdušková (Česká spořitelna), Petra Zdeňková (Sekyra Group), Na trh vstupuje první český realitní fond CPDP (press release), 22 September 2004Commercial 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 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.
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.Annual reports of CPDP Jungmannova and Mrázovka II for years 2006-2007 In April 2007 CPDP acquired 20% stake in project Central Park Praha.Česká spořitelna, Nabídkový program investičních certifikátů a warrantů, 21. May 2007, table no. 10 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%.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.")
In December 2009 Česká spořitelna recognised a provision of CZK 1.8 billion against its ownership interest in CPDP. In August 2010 daily E15 reported about attempt of CPDP to sell companies from its real estate portfolio.Denisa Novotná, Tereza Zavadilová, Spořitelna se zbavuje budov za miliardy korun, No 690, 16 August 2010, front page
+ Subsidiaries of CPDP, brutto equity investment in million CZKCommercial register at justice.cz and corresponding annual reports published there subsidiary share acquired in investment real estate notes Gallery MYŠÁK a. s. 100% 2004 307 building in Vodičkova street in Prague sold in 2016Commercial register at justice.cz, identification number (IČ) 63999731 CPDP 2003 s.r.o. 100% 2004 579 headquarters of T-Mobile ČR in Prague-Roztyly sold in 2026 to TJ Assets ManagementCommercial register at justice.cz, identification number (IČ) 27076750 CPDP Polygon s.r.o. 100% 2006 253 building in Prague sold in 2014Commercial register at justice.cz, identification number (IČ) 27567249 CPDP Prievozska, a.s. 100%Commercial register at orsr.sk identification number (IČ) 36358843 2006 266 building in Prievozská street in Bratislava sold in May 2017 TAVARESA a.s. 100%Commercial register at justice.cz, identification number (IČ) 27061949 2006 34 sewage and water connections in Prague-Stodůlky sold in 2013 for approx. CZK 3 mio. to UnistavAccounting statements of UNISTAV Vinoř II, s.r.o. for calendar year 2013 Campus Park a.s. 100%Commercial register at justice.cz, identification number (IČ) 24244210 2006 51 Campus Park Stodůlky spun off from TAVARESA, sold in October 2016 CPDP Jungmannova s.r.o. 100% 2006 169 administrative building on Jungmann square in Prague sold in 2013Commercial register at justice.cz, identification number (IČ) 27593274 CPDP Shopping Mall Kladno, a.s. 100% 2007 470 OAZA Kladno sold in September 2015 for CZK 13 mio. to Qidong HengAnnual report of CEE Property Development Portfolio 2 a.s. for 2015, page 13, section Revenues from sale of securities and sharesCommercial register at justice.cz, identification number (IČ) 26504731 CP Praha s.r.o. 99,9% 2007 1,038 unsold flats in project Central Park Praha declared insolvency in January 2015.Insolvency register at isir.justice.cz, MSPH 60 INS 851 / 2015Commercial register at justice.cz, identification number (IČ) 27640965 ČS Technické centrum s.r.o. 100% 2007 300 building in Prague bought for CZK 300 mio. crowns from Dutch companies Allafon Holding B.V. and Allafon Holding II N.V. owned by entrepreneur Luděk Sekyra,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 sold to Česká spořitelna in 2010 CPDP Logistics Park Kladno I a.s. 100% 2008 189 land plot by Buštěhrad and projectAnnual report of CPDP Logistics Park Kladno I a.s. for calendar year 2014 liquidation completed in September 2017Commercial register at justice.cz, identification number (IČ) 27903931 CPDP Logistics Park Kladno II a.s. 100% 2008 182 land plot by Buštěhrad and projectAnnual report of CPDP Logistics Park Kladno II a.s. for calendar year 2014 liquidation completed in September 2017Commercial register at justice.cz, identification number (IČ) 27920747 Total 3,837
References