ICP Partners Capital (ICP) has started construction of a project with 136 luxury rental apartments in the Florida resort of Palm Beach, according to E15. The investment in a residential complex called Solera will be CZK 860m. ICP holds 80 % in the project. The rest is owned by local partner Eastwind Development. After the approval in 2021, the sale of the leased complex is planned, with the expected return on investment being around 19 %.
Prepared by the team of foreign office CzechTrade Chicago