The fund
A captive investment fund, owned and operated by the group. It finances every project in the portfolio and holds the resulting equity.
About · Trade Estate Group
A developer with
two decades of operations.
Trade Estate Group develops and operates real estate in the Czech Republic and the United States. Thirteen projects delivered since 2006. The group operates a captive investment fund through which outside investors hold equity in the same portfolio on terms identical to the principals.
Position
A developer first. The fund is the vehicle.
Development
Land acquisition, design coordination, construction management, leasing, and final delivery — handled end‑to‑end by an in‑house team.
Asset management
Ongoing operation of income‑producing assets, rental management, governance, investor reporting, and distribution administration.
- 13
Projects delivered since 2006 across the EU and the United States
- $19M
Invested capital across active and completed projects
- 20yrs
of continuous developer operations since 2006
- 10–15%
Target IRR, combined rental yield and development upside
From the founders
In 2006 the two of us started what is now Trade Estate Group. We did not set out to assemble a financial product. We set out to do one thing well — develop real estate carefully, hold the buildings we believed in, and keep the structure that owned them inside the family.
Today that structure has a name. It is a captive investment fund — Trade Estate SE — that finances every project we develop. The fund does not bring strangers into the room. It brings co‑owners. The principals are inside it on the same terms as every other participant.
What we did not anticipate is how much of the story would be written by the people around us. Architects, project managers, construction leads, communications — most of them have been with us for ten years or more. The same is true of our earliest investors. Many of them participated in our first project before the word fund entered our vocabulary, and they are still here.
We sometimes describe Trade Estate as a family fund. Not because of any single bloodline, but because capital moves through it more like a family handles its own property than how an institution handles strangers' money. Decisions are made slowly. Sales happen when the time is right. Tenant relationships are kept. Distributions are documented, transparent, and paid.
We are continuing to build. The work ahead — Rock House Prague, Leaford, the SkyUnity network — is the most ambitious we have undertaken. But the cadence is unchanged. We develop properties. We hold them inside our fund. We share the economics, on the same terms, with the people who came with us.
Thank you for being part of this.
— Viktor Kamyshencev & Anastasija Datlova
Co‑founders, Trade Estate Group
Track record
Two decades. Four jurisdictions. One operating group.
- 2006
Trade Estate Development s.r.o. founded
The group's founding entity is registered in Prague (IČO 276 00 777). The development model, direct land acquisition, in‑house design coordination, and managed construction, is established with the first Prague residential project.
- 2013
Trade Estate SE and Trade Estate Design s.r.o.
Trade Estate SE (Societas Europaea, IČO 016 94 545) is registered in Prague as the public‑company vehicle for investor‑facing activity. Trade Estate Design s.r.o. (IČO 014 00 487) is set up to formalize architectural design and project planning as a separate operating function.
- 2013–2019
Czech residential portfolio
Residential developments are delivered across Prague and the surrounding region. The group consolidates its in‑house development model, direct land acquisition, design coordination, and managed construction, across multiple projects.
- 2022
U.S. operating entity established
TE & KD Group LLC (FEI 32‑0692743) is established as the group's U.S. operating entity, coordinating U.S. pipeline activity and Reg D 506(c) investor relations.
- 2024
Captive investment fund formalized
Trade Estate SE formalizes the captive fund structure. The fund begins financing all new development projects in the portfolio on uniform terms.
- 2026
U.S. operations consolidated in New York
TE & KD Group LLC consolidates U.S. operations in New York. The entity retains its Florida formation and FEI 32‑0692743; the relocation aligns U.S. pipeline activity and investor relations with East Coast capital markets.
- In development
Tokenized fund units
Real‑world asset infrastructure (tokenized fund units) is in development as a recordkeeping and liquidity layer on top of the fund. The fund's underlying terms and economics will not change when they go live.
The people behind the work
Operators, not promoters.
Across four disciplines.
Six principals lead the group across development, capital, operations, and design. Execution in each market is handled by local teams familiar with the jurisdiction.
Co‑founder · CEOViktor Kamyshentsev
Founder of Trade Estate Group. Two decades in real estate development across Central Europe and the United States.
Co‑founder · CEOAnastasija Datlova
Co‑founder of Trade Estate Group. Responsible for capital strategy and investor relations.
Chief Operating OfficerAnastasiya Kipenskaya
Oversees group operations, governance, and the production of investor reporting.
CEO · Trade Estate DevelopmentGeorgiy Arustamyan
Heads project delivery and construction management for the development division. Head of Operations at group level.
Director of Project DesignVitali Griniov
Directs architectural coordination and design management across all projects in the portfolio.
Marketing and Communications DirectorKaterina Dzergun
Leads investor‑facing communications, brand, and content for the group.
Where we operate
Centralized underwriting.
Local building.
Strategy, financial modeling, and governance are centralized at the group level. Execution in each market is delegated to local professionals, architects, contractors, and legal counsel familiar with the jurisdiction.
- Czech Republic
Home market
Prague residential and commercial development. Multiple projects delivered to date, with additional pipeline assets currently in pre‑launch.
- United States
New York
TE & KD Group LLC (FEI 32‑0692743) coordinates the group's U.S. pipeline and Regulation D 506(c) investor relations from New York.
- European Union
Pipeline and partnerships
Selective pipeline opportunities and regional partnerships outside the Czech home market. Infrastructure work on the fund's future tokenized units.
Group structure
One brand.
Four registered counterparties.
Trade Estate Group is the brand under which several registered entities operate in the Czech Republic and the United States. Each entity has a specific role; the investor‑facing fund is issued by Trade Estate SE.
Trade Estate SE
Societas Europaea (European public company)
Fund issuer · investor‑facing entity for European subscription
IČO016 94 545Registered29 May 2013JurisdictionCzech Republic · PraguePrague, Czech RepublicTrade Estate Development s.r.o.
Společnost s ručením omezeným (limited liability company)
Czech development operations · the group's founding entity
IČO276 00 777Registered18 September 2006JurisdictionCzech Republic · PraguePrague, Czech RepublicTrade Estate Design s.r.o.
Společnost s ručením omezeným (limited liability company)
Architectural design and project planning
IČO014 00 487Registered13 March 2013JurisdictionCzech Republic · PraguePrague, Czech RepublicTE & KD Group LLC
Florida Limited Liability Company
U.S. operating entity · New York–based development and investor‑relations operations
FEI/EIN32‑0692743Registered2022JurisdictionUnited States · New YorkNew York, USA
Trade Estate Group is a brand, not a registered legal entity. Investor subscriptions are made into specific entities, each identified in its subscription documents. Additional U.S. entities, including a U.S. corporation, also operate within the group and are disclosed during due diligence on request.
Operations
Human principals.
AI‑augmented execution.
Investor reporting, document workflows, due‑diligence research, and project tracking run through a dedicated layer of AI agents, under the principals' direction, never instead of them. The agents handle production work that scales poorly with people: drafting fund letters, cross‑checking subscription documents, surfacing comparable transactions, monitoring deliverables. Capital decisions, project underwriting, and investor relationships remain with the team.
Reporting & documents
AI‑assisted preparation of fund letters, subscription documents, and investor statements. Drafts are reviewed by investor relations before delivery.
Research & due diligence
Agents surface comparable transactions, monitor regulatory changes, and cross‑check market data. Findings feed into the investment committee, not around it.
Project tracking
Continuous progress monitoring across the development pipeline. Exception flags reach the team faster than manual reporting cycles.