Guardian Managers has launched a property fund that invests in commercial property in EU accession c...
Guardian Managers has launched a property fund that invests in commercial property in EU accession countries that will be advised by international property consultants King Sturge and Jones Lang LaSalle.
To ensure the fund reflects the overall development of 'New Europe", the manager aims to spread the fund"s investments throughout the cities of the following new EU member countries: Poland, Czech Republic and Slovakia, Hungary, Slovenia, Lithuania, Latvia, Estonia and Cyprus. Non-EU states such as Romania, Bulgaria, Serbia and Russia that offer similar benefits will also be considered.
According to Guardian Managers economic liberalisation has brought an influx of multi-national companies with long-term ambitions for expansion, the establishment of regional trading partnerships and the transformation of former state-owned industries into western style mega-corporations. Access to new consumer markets, an educated and lower cost labour force, vast natural resources and the rise of home grown entrepreneurial spirit has resulted in the region attracting substantial foreign venture capital.
In real estate opportunities lie from the shortage of quality office and retail accommodation as the region develops.
The fund targets direct investment in high quality office buildings located in the main commercial centres of New Europe. Prospective tenant profiles include local headquarters of multi-national companies, established local businesses, government departments and professionals. Typical investments comprise 5,000 to 15,000 sq meters size office buildings. In exceptional circumstances investments in larger properties are considered, such as in the case of co-investment opportunities. They are new or refurbished buildings in redeveloped city centres, in new office parks on major city outskirts and in redeveloped city centres, in new offices parks on major city outskirts and in established developments near international airports. Quality retail facilities leased to established high street businesses, including shopping centres, as well as warehouses offering modern facilities, are also considered. Speculative land and office developments will, however, be avoided. Individual property investment targets range between e5m-e35m.
It is an open-ended BVI fund and is available to qualified investors. Shares are subscribed on a weekly basis. It is aimed at experienced professionals who would otherwise be unwilling to participate directly in real estate investment portfolios spread across a wider region.
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