Equity fund manager RealKapital teamed up with property adviser Cushman & Wakefield's residential arm for the launch of a new CEE Residential Fund at this year's MIPIM trade fair in Cannes. Realkapital said it is launching the fund in response to the strong demand driving an overhaul of the existing aged housing stock in Central and Eastern Europe and is looking to raise EUR 200m.
Equity fund manager RealKapital teamed up with property adviser Cushman & Wakefield's residential arm for the launch of a new CEE Residential Fund at this year's MIPIM trade fair in Cannes. Realkapital said it is launching the fund in response to the strong demand driving an overhaul of the existing aged housing stock in Central and Eastern Europe and is looking to raise EUR 200m.
The fund will invest primarily in residential development projects in major cities and growth centres in Russia, Poland, Slovakia and Romania, but will be looking for projects across the region on an opportunistic basis. C&W will source investment and investors, advise on transactions and help promote the fund, Realkapital said.
