Q2 2026 Report
published: 1. April 2026
We open the second quarter of 2026 with a new report covering a period marked by an accelerated development pace, continued growth in fund value, and strong operating performance across our portfolio. As of June 30, 2026, the value of the fund’s assets reached CZK 516.1 million, representing year-on-year growth of 28%. The report provides an overview of our development projects in Prague and abroad. The second quarter marked a shift from preparation to a faster pace of execution, with projects progressing according to plan and approaching key milestones. We focus on Honest Michle, Villa Belair, Signature Kolovraty, and The Seed Costa Rica. Our active development portfolio currently represents more than CZK 346 million in Czechia and over USD 35 million abroad. The operating performance of Honest Apartments also showed significant improvement. In Q2 2026, Honest Říčany achieved an occupancy rate of 82.4% with an average daily rate of EUR 63, Honest Smíchov reached 82.2% occupancy with an average daily rate of EUR 88, while Honest Karlín achieved 88.8% occupancy with an average daily rate of EUR 75. Looking ahead, the second half of 2026 will focus on further progress across our key development projects, completion of individual phases, and preparation of new opportunities. Our long-term objective remains to build portfolio value and transform development opportunities into high-quality, stable assets. The report is intended for partners, investors, and everyone who wants an up-to-date and transparent overview of the development of the VIHOREV Group.