Private equity fund manager Realkapitaal Partners is looking to raise EUR 200 mln with its new CEE Residential Fund to be launched at the MIPIM trade fair in Cannes this week. The first closing will be in April 2008.
Private equity fund manager Realkapitaal Partners is looking to raise EUR 200 mln with its new CEE Residential Fund to be launched at the MIPIM trade fair in Cannes this week. The first closing will be in April 2008.
The fund will primarily invest in major cities and growth centres in Russia, Poland, Slovakia and Romania, but will also look for projects across the region on an ‘opportunistic basis’, Realkapitaal said. The property investor says it is is launching the fund in response to strong demand for an overhaul of the existing housing stock across Central and Eastern Europe.
The regions have been identified because of increasing consumer wealth, the migration of people from rural to urban areas and a significant amount of old residential stock needing to be replaced, Realkapitaal said.
Cushman & Wakefield Residential will source investments and investors, advise on transactions and help promote the fund.
