This fund plans to invest €1.5 billion in Russian commercial real estate and is in the process of raising €500 million of institutional investor equity.
The aim of the fund is to identify investment opportunities in the large and fast developing Russian property market. The Fund will be diversified both in terms of sectors and geography, covering Moscow and St. Petersburg as well as larger regional cities.
The fund is tailor-made for international institutional investors. It is a 10-year closed-ended, Luxembourg SICAV-FIS fund and has a Value added to Opportunistic profile.
The initial offer period commenced on 1 October 2007. The fund is expected to have its first closing in first half of 2008.
The Eastern European team consists of 14 professionals, offering fund and asset management activities, primarily in the Russian market. To read more on the launch of the activities, please read the related press release here.
Contact person
Ole Dall-Hansen, CEO Eastern Europe and Fund Manager, +45 (0)33 88 90 00
E-mail: firstname.lastname@aberdeenpropertyinvestors.com
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