Hunter hits Czech retail funding trail

Hunter Property Fund Management is funding a Czech retail scheme with €9.2m of equity. The Edinburgh-based manager’s Prague team arranged the funding for big box retailer OBI, which is taking a store in Frydek Mistek on a 15-year lease.

“The forward commitment structure allows the developer to attain development finance by having a contracted exit; our equity is oiling the wheels in a sticky market,” said HPFM fund manager Jeremy Birkett-Jones.