Multinational Investment Fund Targets Bulgarian Properties

Jan 17, 2006 - Novinite.com

Heitman LLC, a multi-national real estate investment management firm, has announced that it has closed its Heitman European Property Partners III Fund, raising 350 million euro of equity.

The Fund is targeting office, warehouse, residential and retail property investments in Poland, Hungary, the Czech Republic, Slovakia, Slovenia, the Baltic States, Romania and Bulgaria.

"It's a very hot market today because of the availability of consumers finance and mortgages," Heitman managing director Gordon Black has said, as quoted by Commercial Property News.

"It's opened the market quite a bit, moving from ex-Soviet housing facilities to newer modern condos; so it's quite a sweet spot."