The Austrian bank Investkredit and the European Bank for Reconstruction and Development (EBRD) have jointly provided a capital injection of € 300 million (split 75 pct 25 pct respectively) into Europolis, Investkredit’s real estate investment division.
The investment follows a similar injection in 2001, though the new portfolio, called E2, will include a move into country markets that Europolis hadn’t previously entered, such as: Bulgaria, Serbia and Montenegro, Bosnia-Herzegovina, Macedonia, Ukraine and Russia. Through the acquisition and development of office, logistics and retail properties, the companies aim to build a portfolio worth around € 1 billion.
Europolis has been present in Poland since 2002, and currently has investments in 5 office buildings in Warsaw, as well as a logistics park in B³onie (near Warsaw).
Source: Eurobuild
