Malaysian Royal Fund buys Protivín Castle in South Bohemia
The Malaysian Royal Fund has bought Protivín Castle in South Bohemia, along with an adjacent park. The sovereign fund has pledged to invest half a billion crowns into renovating the Czech cultural monument by the year 2023.
Protivín Castle, which once belonged to King Charles IV, will become part of The Royal Capital Club investment programme, created by members of aristocratic families, including royals from East Asia and other investors.
The IC Group, which acts as a business advisor to the Malaysian Royal Fund, plans to make part of the castle complex accessible to the public and build a hotel nearby. The castle sold for 100 million crowns.