News

In addition to Protivín chateau, the Malaysian royal investment fund has also purchased its homestead. The decision on the purchase was made at the meeting of Protivín town city council on Tuesday. IC GROUP, which the fund’s exclusive investment consultant, wants to repair the homestead and have a new representative cultural and commercial centre built there with accommodation facilities, that will also be open to the public. The plans for the reconstruction will be drawn up by the ARCH.IC architectural studio, which is also in change of the repairs to the chateau.

“The planned cultural and commercial centre at the homestead should also include, amongst other attractions, a guest house, apartments, a restaurant, a café and a bakery. The homestead, which consists of seven buildings with land, is now in a very dilapidated condition. We want to completely repair it and invest a total of 150 million crowns into it. We would like to hold public events there, which would attract local people as well as tourists: from farmers' markets through to seasonal events, such as the May Day festivities and Christmas markets,” said IC GROUP spokesperson Tereza Chvojková.

Since the very beginning the fund has worked closely with the town of Protivín and discusses all the steps it has planned with it. “It will greatly benefit the town that IC GROUP will repair these dilapidated buildings – we ourselves do not have enough funds to repair them, as it is a large complex. What’s more, the homestead will cater to the general public. I am sure it will attract tourists and also create new jobs,” said Jaromír Hlaváč, Mayor of Protivín.

“Throughout history Protivín Chateau and Homestead have always formed a single whole and we believe we can bring it back to life. The repairs are scheduled to be completed in 2025, with everything depending on how the permit application process goes, as these are also listed buildings,” added Věra Nagyová from the ARCH.IC architectural studio.

IC GROUP is a traditional international consultancy, investment and banking group. It manages assets for strong family investors with an emphasis on tradition, transparency and unique applied solutions. It operates in several parts of the world: particularly in Europe, Malaysia, the Middle East, Central Asia, the Far East and South America.

The investment fund’s founder, The Royal Invest Fund of Kelantan, is the Malaysian royal family, headed by the king, Sultan Muhammad V, who acceded to the throne in Kelantan on 13 September 2010. It will use Protivín Chateau within the framework of THE ROYAL CAPITAL CLUB, which is a prestigious club for the fund’s investors and partners.