David Hauerland grows Fidurock Residential fund past 1 billion crowns

The managing director of the investment group Fidurock, David Hauerland, has announced a new acquisition for the Fidurock Residential fund — the rental building at Veletržní 42 in Prague's Holešovice district. Thanks to the deal, the value of assets under the fund's management has topped a billion crowns for the first time.

The building in Prague 7 was built in the early 20th century and has retained its Art Nouveau features. Fidurock acquired it back in August 2019, and between 2023 and 2025 carried out an extensive renovation that included adding an extra floor and redesigning the ground-floor retail space. The property is now fully let, with 35 apartments and two commercial units.

“Veletržní 42 is exactly the type of urban residential property we want in the Fidurock Residential sub-fund. For our investors, it matters that we keep adding stabilised assets with long-term income potential to the fund,” says Hauerland, who also chairs the supervisory board of the Fidurock Residential Fund.

The deal fits the fund's strategy, which focuses on rental property in Prague and Brno. Rather than projects still under construction, Fidurock bets on buildings that are already generating rental income. According to the managing director, further growth will come from selecting properties in established residential locations.

“The purchase of Veletržní 42 confirms that we're systematically building up a property portfolio based on good addresses, a proven product and strong rental demand. It's another milestone in the fund's growth, with assets that now exceed a billion crowns,” Hauerland adds.

Fidurock plans to acquire further rental buildings of a similar type in the second half of 2026. The investment group itself specialises in rental housing, commercial real estate and development projects in Czechia and Slovakia, and its overall portfolio, according to the company's own figures, is valued at more than 12.7 billion crowns and includes more than 35 properties.

By the Around Prague newsroom