US-based real estate investor Heitman LLC has raised â¬175 mln from the first closing of a new fund which is to target Central and Eastern Europe.
The Heitman Europe Property Partners III Fund (HEP III) will be its third investment fund to invest in the region, and will hold assets in retail, residential and office properties in Poland, Hungary, Czech Republic, Slovakia, Slovenia, the Baltic states, Romania and Bulgaria. After a second round of fund raising, which is expected to bring in an additional â¬175 million, its total buying power after leveraging will be â¬1 billion.
Source: Eurobuild
