AEWEurope/Curzon has announced the final closing of its Central European fund, the PBWII Real Estate Fund at an equity raise of 377 mln.
PBW II is the follow-on fund to the successful value-added central European closed-end PBW I Real Estate Fund with an existing portfolio of approximately 200,000 m² of assets in Budapest, Warsaw and Prague.
Jean Lavieille, Head of Funds Paris commented, "We are pleased that the PBW II Fund has received such a positive response, we hadn't expected to be oversubscribed. We are happy to welcome old friends and new investors from across Europe and the Middle East."
Commenting on the closing, Artur Mokrzycki, Managing Director Central Europe, AEWEurope, said "Our success in the Central European markets over the last 12 years has been key in our steady deal flow. To date, we have already closed four substantial transactions in the office and retail sectors. We are actively discussing further investments in Poland, Hungary, the Czech Republic and Romania and expect to be nearly 50% invested by year end."
Source: Bellier Financial Marketing