Czech-Slovak family office invests in real estate joint venture in Czechia

ONE FAMILY OFFICE, a Czech-Slovak family office, has entered into a 50:50 joint venture with YIT Corporation to support the expansion of YIT’s Residential CEE business in Czechia. The newly established joint venture is intended to accelerate residential development while improving capital efficiency for YIT. The parties have agreed not to disclose the value of the transaction. Under the cooperation, YIT will be responsible for project development, construction, and sales, while ONE FAMILY OFFICE will contribute project financing.

The first project under the joint venture will be Lumo Braník, a residential development located in Prague 4. The project will redevelop the former Kuta Centrum administrative complex into a modern residential area comprising approximately 150 apartments, with construction expected to begin in 2026. According to YIT, the cooperation will focus on further residential development opportunities in Czechia, where the company has an established presence and track record. The partnership is aligned with YIT’s strategy to strengthen its Residential CEE segment through collaboration with financially strong, long-term investors.

About the Czech-Slovak ONE FAMILY OFFICE

ONE FAMILY OFFICE is a Czech-Slovak family office focused on long-term investments across real estate and other asset classes in Central Europe. The firm partners with experienced operating and development partners to support projects with a strong local footprint and sustainable value creation. Through its investment approach, ONE FAMILY OFFICE provides capital for development projects while leveraging the operational expertise of its partners to execute and scale investments across the region.

Picture Source: Joshua Kettle, Unsplash+
Article Source: YIT Corporation (15.12.2025)