ICP Group
ICP Group is a private real estate investment and development firm founded in 1998, headquartered in Prague, with operations in the Czech Republic and Florida. It manages CZK 6.9B (~$280M+) in assets across residential, commercial, and senior living properties, serving institutional tenants and third-party investors.
- Company typePrivate
- Founded1998
- HeadquartersPrague, Czechia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What ICP Group does
ICP Group is a private real estate investment and development company founded in 1998 by Ondřej David, headquartered in Prague, Czech Republic, with operations in the Czech Republic and Florida, USA. The company acquires, develops, and manages a portfolio of residential, commercial, and senior living properties, holding assets of approximately CZK 6.9 billion (~$280M+) across 129,000 m² of leasable area and a development pipeline of 1,700 housing units in preparation. Revenue is generated through rental income from commercial and residential tenants — including named occupants such as Instituto Cervantes, Belcan, Commerzbank, Ruukki, and s.Oliver — supplemented by development margin on completed projects sold to third-party investors.
The business model combines direct asset ownership with opportunistic acquisition of undervalued properties (e.g., Belcan Property acquired at a 6.25% yield for $22.5M in 2018; Window Holding in 2015) and value-add development, including the Rezidence Doubravka project (330 units), the Hrdějovice neighborhood (500+ units), and Florida projects Altamonte (261 units) and Lakewood Ranch (160 senior units). ICP Group leverages institutional debt (e.g., JP Morgan Chase financing) and partners with affiliated entities including sister law firm DBK Partners and Florida-based Eastwind Development, alongside relationships with INDEX Investment Group. The company executes both Czech and US acquisitions with a lean team of 11-50 employees and underwent a 2025 corporate restructuring including an ASTRAX spin-off and consolidation merger to streamline the group.
ICP Group firmographics
Firmographics- Name
- ICP Group
- Legal name
- ICP Capital Partners a.s.
- Website
- https://icpgroup.cz
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ICP Group is a private real estate investment and development firm founded in 1998, headquartered in Prague, with operations in the Czech Republic and Florida. It manages CZK 6.9B (~$280M+) in assets across residential, commercial, and senior living properties, serving institutional tenants and third-party investors.
- Ownership category
- akta.pro rank
ICP Group industry classification
Industry- Product category
- Real Estate Investment & Development
- NAICS
- Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where ICP Group is headquartered
LocationHeadquarters
- HQ city
- Prague
- HQ country
- Czechia
- HQ region
- Europe
Offices2 records
Markets served
ICP Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Property Rental Income: ICP Group generates recurring rental income from leasing residential and commercial properties to end tenants. Properties include office buildings, residential complexes, and mixed-use developments.
- Property Appreciation and Sale: The company acquires properties below full potential value, renovates and actively manages them to increase value, then sells to third-party investors as cash-flow-generating assets or holds for long-term appreciation.
- Real Estate Development: ICP develops new residential complexes (Altamonte, Lakewood Ranch, Solera) and sells completed projects to investors. Completed Florida projects were sold for nearly 2 billion CZK.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
ICP Group product offering
Product offeringCore offering
ICP Group identifies, acquires, develops, and actively manages residential and commercial real estate properties in the Czech Republic and Florida, USA. Properties are either leased to generate recurring rental income or renovated, stabilized, and sold to third-party investors as cash-flow-generating assets, targeting medium- to long-term investments with a balanced risk profile.
Product overview
ICP Group is a real estate investment and development company offering a portfolio of residential and commercial properties. The company operates a platform of distinct real estate projects including residential complexes (Altamonte, Hrdějovice, Rezidence Doubravka), senior living (Lakewood Ranch Pointe), and office buildings (Na Rybníčku 6, Vinohradská 37) across the Czech Republic and Florida, USA. Properties are acquired, developed, managed, and either held for rental income or sold as cash-flow-generating assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Altamonte Residential Complex Luxury 261-unit residential rental complex in Altamonte Springs, Orlando, Florida, featuring a two-story clubhouse, fitness center, outdoor pool, and 340+ square meters of covered outdoor amenities.
- Na Rybníčku 6 Office Building 2,400 m² office building in Prague city center combining a 17th-century historic building with a modern extension, currently housing Instituto Cervantes.
- Hrdějovice Residential Development 16 ha new neighborhood development near České Budějovice planned for 500+ apartments and 100 family homes, plus a retail park.
- Rezidence Doubravka 24,000 m² residential development in Plzeň with 330 units and approximately 400 parking spaces, designed by Loxia architectural studio.
- Lakewood Ranch Pointe Senior Living 160-unit luxury senior living (55+) rental community in Lakewood Ranch, Florida, spanning over 9,000 square meters with wellness facilities, pool, and social amenities.
- Vinohradská 37 Office Building 2,000 m² eight-story office building from the 1890s in Prague, featuring 30 underground parking spaces and option to convert to residential.
Quantifiable outcome
- CZK 6.9 billion in assets under management
- +3 more outcomes
Companies that use ICP Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
ICP Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ICP Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- LoxiacoreArchitectural studio responsible for design of multiple Czech projects: Hrdějovice new neighborhood and Rezidence Doubravka in Plzeň. Loxia's designs prioritize green spaces and communal areas for socializing and relaxation.
- Eastwind DevelopmentmajorAmerican developer based in Palm Beach area. Long-term business relationship founded when Ondřej David was selecting property for personal use. Eastwind brings local development opportunities and expertise; ICP provides majority of equity capital. Partnership spans multiple projects: Solera (ICP 80%), Altamonte (ongoing). Eastwind founder Jack Weir identifies opportunities while ICP funds them.
- INDEX Investment Group (Index Invest)majorSwedish developer and investment group. ICP and INDEX jointly invested in Seaward Landing project in Florida Keys, a multi-generational housing development with 45 units. Joint investment of more than CZK 270 million. ICP holds 51% stake in the project. The partnership provided ICP with opportunity to learn from a strong local partner while leveraging Index Invest's construction capabilities through Verdex Construction.
- DBK PartnerscoreDBK Partners is ICP Group's sister company providing comprehensive legal services. Vladimíra Knoblochová, ICP's CEO, co-founded and leads DBK Partners. The law firm has been consistently ranked among the top law firms in Czech Republic since 2015. DBK handles legal matters for ICP's real estate transactions, corporate governance, and international deals. The firm pioneered the establishment of the first SICAV fund in the Czech Republic.
- Ateliér A1minorEngineering firm providing technical services for Hrdějovice project development. Handles engineering work as part of the project preparation for the new neighborhood near České Budějovice.
- Colliers International South FloridamajorInternational commercial real estate services firm. Brokers Kevin McCarthy and Bastian Laggerbauer represented the partnership (ICP/Tambone/Catalfumo) in the Belcan Property sale and also in the original purchase a year prior. They also brought the buyer Metrocentre Property LLC (ICP Capital Partners affiliate).
- RehmannminorAccounting and audit firm providing financial services to ICP Group. Listed among ICP's partners on the main website.
- TH TaxminorTax advisory firm that assisted with the Technopark acquisition in Prague. Listed among ICP's professional partners on the main website.
- Tambone CompaniesmajorFlorida-based real estate development company. Partnership with Catalfumo Companies. Jointly sold Belcan Property office campus in West Palm Beach for $22.3 million in 2018. Tambone and Catalfumo led by Richard Tambone, who developed buildings for Sony, Motorola, Wartsila, Perrier, and Wackenhut Corporation.
- Catalfumo CompaniesmajorFlorida-based real estate development company. Partnership with Tambone Companies. Jointly sold Belcan Property office campus in West Palm Beach for $22.3 million. Led by Daniel Catalfumo.
Scale indicators5 records
Recent moves17 records
Expansion highlights12 records
ICP Group competitors and assessment
Company assessmentBroad incumbents
- Lennar Corporation: One of the largest US homebuilders with substantial Florida operations including multifamily and senior living communities. Comparable to ICP's Florida multifamily/senior rental development strategy, though at vastly larger scale.
Direct peers
- Heimstaden: European residential real estate investor with significant Czech Republic presence, owning thousands of rental apartments. Comparable business model of acquiring, managing, and leasing residential real estate for long-term income.
- Trigema: Czech developer focused on residential projects in Prague and surrounding areas, with growing portfolio of rental housing. Comparable to ICP's Czech residential development activity, particularly projects like Hrdějovice and Rezidence Doubravka.
- CPI Property Group: Largest real estate investment group in the Czech Republic with a diversified portfolio of office, residential, retail, and hospitality assets. Directly comparable to ICP for Czech commercial real estate leasing and investment activity.
- REICO (ČS nemovitostní fond): Czech real estate investment fund managed by REICO investiční společnost, part of the ČSOB/Česká spořitelna group. Comparable as a Czech-focused real estate investor deploying institutional capital into office and residential assets.
- AFI Europe: Czech Republic-focused real estate developer and investor with mixed-use projects including residential and office developments. Comparable to ICP's mix of residential complexes and administrative buildings in Prague and regional cities.
- Akrogal Group: Czech real estate developer and investor active in commercial and residential developments including office buildings and residential complexes. Comparable as a mid-sized Czech principal investor with active asset management.
Regional players
- The Related Group: One of the largest Florida-based real estate developers with extensive luxury residential and mixed-use portfolio. Comparable to ICP's Florida luxury residential rental projects like Altamonte and Lakewood Ranch.
- Stiles Corporation: Florida-based commercial real estate firm with office, industrial, and multifamily development across South Florida. Comparable to ICP's Florida commercial office exposure including Belcan Property and planned Palm Beach Gardens redevelopment.
- Hillwood Development Company: Texas-based real estate developer with significant industrial and multifamily portfolios, including Florida assets. Comparable to ICP's Florida development activity through their Sun Belt residential and commercial focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ICP Group social profiles
Digital presenceICP Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
ICP Group leadership team
Management profileNumber of profiles
Profiles3 records
ICP Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
ICP Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ICP Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ICP Group
What does ICP Group do?
ICP Group identifies, acquires, develops, and actively manages residential and commercial real estate properties in the Czech Republic and Florida, USA. Properties are either leased to generate recurring rental income or renovated, stabilized, and sold to third-party investors as cash-flow-generating assets, targeting medium- to long-term investments with a balanced risk profile.
Is ICP Group a public or private company?
ICP Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ICP Group founded?
ICP Group was founded in 1998. It employs 11 to 50 people.
Where is ICP Group based?
ICP Group is headquartered in Prague, Czechia, in the Europe region.
How does ICP Group make money?
Three revenue lines are on record. Property Rental Income is the primary driver. The others are property Appreciation and Sale and real Estate Development.
Who are ICP Group's main competitors?
Lennar Corporation is listed as a broad incumbent. Direct peers are Heimstaden, Trigema, CPI Property Group, REICO (ČS nemovitostní fond), AFI Europe and Akrogal Group. Regional players are The Related Group, Stiles Corporation and Hillwood Development Company.
Does ICP Group have an API?
No public API is recorded for ICP Group.
What industry is ICP Group in?
ICP Group's product category is Real Estate Investment & Development. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 5311 and its SIC code is 6532.