Participate with Crowdberry in the transformation of the iconic Mrakodrap in Ostrava.
Become a co-owner of a unique property development that the City of Ostrava has been planning for many years. Redevelopment is now underway, 24% of the apartments have already been sold, and bank financing has been secured.
The investment is further supported by Ostrava’s strong growth, robust investor protection mechanisms and Eva Jiřičná’s distinctive architectural design.
Why invest now, and what makes this opportunity attractive?
- Construction is already underway – redevelopment commenced in July 2026.
- Secured bank financing – the project is co-financed by a bank.
- 24% of the apartments have already been sold – initial sales confirm strong market interest in the project.
- Investor-friendly structure – investors benefit from a preferred return with liquidation preference and lower financial leverage, supported by the developer’s CZK 80 million equity contribution compared with CZK 90 million invested by Crowdberry investors.
- Above-market retention of 12% – the retained amount is released to the developer only after investors have exited.
- Resilience to a decline in property prices – according to the current financial model, even with an 18% decline in property prices, investors would still recover their invested capital and earn a 13% annual return.
- Ostrava is growing rapidly – apartment prices increased by 21.7% in 2025, the fastest growth among major Czech cities.
- Wages are also rising – Ostrava recorded wage growth of 9.8% in 2025, also the highest rate in the Czech Republic.
- Municipal support and a unique development – high-rise projects of this kind are exceptional in the Czech market, and the development is supported by the City of Ostrava.
- Architecture by Eva Jiřičná – an opportunity to invest in a distinctive work by the renowned Czech architect, potentially adding further appeal for future buyers specifically seeking her architectural design.
The investment targets an annual return of 13% over a three-year investment horizon.
Mrakodrap Ostrava involves the redevelopment of what was historically the tallest residential building in former Czechoslovakia. In addition to the building’s comprehensive redevelopment, the project includes the construction of a new multi-storey car park and the revitalisation of the surrounding area.
The architectural design was created by the prestigious AI-DESIGN studio, led by internationally renowned architects Eva Jiřičná and Petr Vágner, who incorporated a vertical garden concept into the project.
Why invest?
Demand for high-rise residential buildings in the Czech Republic has remained strong for many years, yet developers have so far struggled to secure the necessary building permits. Mrakodrap Ostrava is a different story. Through Crowdberry, you have an exclusive opportunity to participate in the redevelopment of an existing high-rise building that is currently unused.
The developer holds a final and valid building permit and acquired the property directly from the City of Ostrava. The redevelopment will be managed by an experienced development team, while apartment sales are being handled by the renowned Svoboda & Williams Sotheby’s International Realty.
- Preferred return of 11–14% per annum, based on a predefined calculation mechanism.
- Three-year investment horizon.
- Liquidation preference: Investors’ capital ranks ahead of the developer’s return, its CZK 80 million equity contribution, and the above-market 12% retention, which is released only after investors have exited.
- The project already has a final and valid building permit and a signed loan agreement with Raiffeisenbank.
- 24% of the apartments have already been pre-sold.
- Distinctive architecture by Eva Jiřičná and Petr Vágner of AI-DESIGN, located in the heart of Ostrava and supported by the city itself.
- Ostrava is the fastest-growing residential market in the Czech Republic, with residential selling prices increasing by more than 21% year on year in the past year.
Investor protection
- The project has already obtained a final and valid building permit, significantly reducing permitting risk for investors.
- Investors have partial priority over the general contractor in the repayment of their invested capital and returns. This is secured through a retention rate that exceeds the market standard.
- The general contractor has already been appointed and financing has been secured from a bank. A 25% pre-sales threshold must be reached before Crowdberry investors enter the project; 24% of the apartments have already been sold.
- The CZK 90 million investment from Crowdberry investors is complemented by the developer’s own CZK 80 million equity contribution. This substantial developer commitment further reduces the risk for investors.
- The redevelopment is supported by the City of Ostrava and further enhanced by the distinctive architectural design of Eva Jiřičná and Petr Vágner.
Further details on investor protection are provided in the Investment Information document (IoI), available after submitting a non-binding expression of interest.
Market situation
About the project and the developer
Risks
🟡 Market risk (medium)
The sale of the project, or rather of the individual units, primarily apartments and parking spaces, is being carried out through the renowned real estate agency Svoboda & Williams. A 25 % pre-sale level is a condition for Crowdberry investors to enter the project. Currently, as much as 24 % of the apartments have already been sold. The risk lies in the inability to sell a sufficient number of units within the given investment horizon at the set list price, i.e. a number that would enable Crowdberry investors to be paid out with the calculated return.
🟢 Construction risk (low)
The contract for work will be concluded at a fixed price and with a fixed completion date, with sufficient retention of at least 12 %. The retention will be released in two parts: the first part after final approval of the building, and the second part only after the exit of Crowdberry investors. In the event of an increase in the price of the works, the developer guarantees additional financing of the construction in the form of a contribution outside the registered capital, without affecting the ownership share in the company. After completion of construction, the general contractor will provide a 5-year warranty for the building and a 2-year warranty for mechanical components.
🟢 Financing risk (low)
This risk is minimised because the investment from Crowdberry investors is released only after the bank loan documentation has been signed, i.e. the bank enters into the agreement under precisely defined conditions that entitle the target company to draw the loan. The loan is sufficient to complete the building into an operational state. In the event of a budget overrun, the developer will cover the difference based on a guarantee.
🟢 Project management risk (low)
The managing directors are nominated by the developer and make decisions within defined limits. The parameters of key contracts are predefined together with the special purpose vehicle (which Crowdberry investors enter), and the managing directors may only sign contracts that meet these parameters. In the event of deviations from the business plan, contract criteria or milestones, approval by the supervisory board is required. If a managing director exceeds their authority, the special purpose vehicle has the right to replace them with its own nominee.
🟢 Permitting risk (low)
The release of the investment from Crowdberry investors is conditional upon obtaining a valid zoning and building decision. In the event of a delay in the final occupancy approval, milestones and pre-approved actions are defined to resolve open issues, or alternatively the entire development project may be sold if these issues are not resolved before the bank is repaid.
Risks are discussed in more detail in the Investment Information document (IoI), which is available after expressing a non-binding interest in investing.
Media coverage
Mrakodrap Ostrava featured in local Czech media:
- Události v regionech: Rekonstrukce Ostravského mrakodrapu (ČT24)
- Socialistický mrakodrap se mění v bytovou rezidenci, novou podobu navrhla Jiřičná (iDnes)
- Bude z Ostravy město mrakodrapů? Za byt v jednom z nich dáte i 14 milionů korun (Novinky.cz)
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The investment is associated with the risk of partial or total loss of the invested funds. The investment opportunity in the target company is mediated through Crowdberry Investment Platform j. s. a.