IVG to target regional investments in Poland
According to the media reports, IVG could shift to Poland’s regional markets in the near-term, as an expiration date for its fund approaches.
Just as Warsaw’s prime market tightens, the fund will be targeting both office and retail schemes of Poland’s other major cities. “We hope to close the investment process for our IVG Warsaw Fund by the end of the year,” said Maciej Zajdel, managing director of IVG Poland.
“In addition to this Warsaw-focused fund, we have several others from around Europe, looking investment opportunities over the Vistula river, which, I hope, may result in creation of a new fund of a bigger volume.” he says.
IVG raised €200m last year from German and Austrian institutional investors last year, having already deployed €80m in Warsaw. The four office buildings total 13,500 sqm of space. (source: cijjpurnal.com)