The EBRD, European Bank for Reconstruction and Development, has approved an investment of 40 million dollars in the Central Europe Property Partners Fund II. The fund, under Luxembourg law, managed by the Heitman International group, invests in commercial real estate in Central Europe. The fund's management invests, with a long-term perspective, in the sub-sectors of shopping centres, offices, large-scale retail trade and warehouses. The EBRD intervenes, with a share of no more than 20 percent of the 200 million dollar fund, to participate in the massive investment plan in the Czech Republic, Estonia, Latvia, Lithuania, Poland, Romania, the Slovak Republic, Slovenia and Hungary. Heitman International manages $383 million in real estate in Central Europe.
source: Ice London
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