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Central & Eastern Europe
Overview
- Team of 45 professionals in 5 countries
- € 1.3 billion in assets (acquisitions and developments)
- Investments in Bulgaria, Czech Republic, Poland, Romania, Slovakia and Turkey
- Investments in retail, office, industrial and residential assets
- Asset management
- € 1.1 billion of acquisitions
- € 200 million of development projects
Central and Eastern Europe Track Record/Selected Transactions
2010
- Sold IGY shopping centre (Ceske Budejovice, Czech Republic) for € 47 MM to Czech investor CPI.
- Non –performing loans portfolio in the Czech Republic disposed to a local investor for € 10 MM.
2009
- Closed second part of joint venture on Mall of Plovdiv in Bulgaria, currently 50%
- owner with Quinlan Private.
- Completion of 1st phase of logistics development at Sofia Airport Center, Bulgaria.
- Completion of 1st phase of 1,200 unit residential development in Prague under Orco joint venture.
- Closed Liberec Retail Park and Kolin Shopping Centre forward funding deals developed by TK Development Czech Republic.
2008
- Acquired Silver Forum, a class A office building in Wroclaw, Poland.
- Completion of the 1st phase of development of Explora Business Center, a class A business park in Prague, Czech Republic.
2007
- Closed 12 transactions with a total investment value € 1.6 billion.
- Acquired 25% of Mall of Plovdiv in Bulgaria.
- Formed a 50-50 JV with Tishman International to develop a 115,000 m2 class - A office park, Sofa Airport Center.
- First investment in Romania totalling € 175 million, consisting 7 distribution warehouse developments, in a joint venture acquisition with Helios- Phoenix.
- Acquired ICKM Real Estate, consisting of high quality residential developments in the Czech Republic, in a joint venture with Crestyl.
- Acquired an additional 25% stake in a portfolio of 7 retail galleries anchored by Real Hypermarkets in Poland.
2006
- Acquired 14 Real hypermarkets in Poland, increase of share in Bulgarian shopping center (Mall of Sofia) and acquisition of 2 shopping centers in Slovakia, with a totol value of € 640 million.
- Acquired a 50.98% stake in the publicly listed real estate investment trust, Garanti Gayrimenkul Yotirim Ortakligi A.Ş (the “Garanti REIT”), in a joint venture with Dogus Holdings.
2005
- Acquired 5 real estate properties (retail and industrial) with a combined value of € 220 million in the Czech Republic, Poland, Bulgaria and Slovakia.
- Non-performing loan investment of € 45 million in the Czech Republic.
2004
- Opened an office in Poland.
- Started 2 residential developments and acquisition of Rudna Logistic Park (Prague) totalling € 100 million, via the Heitman Fund.
2003
- Invested in 2 large retail portfolios totalling € 310 million, consisting of 12 shopping centers (anchored by retailer Casino) located in Poland and 4 shopping centers (anchored by Carrefour) located in the Czech Republic.
2000-2002
- Acquired a Buda Square Office building in Budapest, Hungary.
- Acquired € 200 million of office and industrial buildings in Prague and Warsaw, via the Heitman Fund
1999
- Invested € 50 million of equity in Heitman Fund to focus on office, retail and industrial acquisitions
1998
- Formed GE Capilal Golub, a joint venture with an American developer, Golub, to focus on developments and property management across Central Europe.