News Article CEE Czech Republic Focus Estate Fund investment Poland report Slovakia
by Property Forum | Investment

Investment fund Focus Estate Fund has set the goal to expand the geography of its presence in Central and Eastern Europe. In the next two years, the Fund plans to more than double its portfolio by strengthening its position in the niche of medium-sized commercial real estate in Poland and the Czech Republic, as well as by entering the Slovak market.

“Over the past three years, the dynamics of improvement in our portfolio has exceeded our expectations, and therefore our intention is to scale up. The priority is to expand the portfolio in the markets of our current presence, i.e. in Poland and the Czech Republic, as well as to enter the Slovak market. In monetary terms – we plan to increase the portfolio to €100 million euros by the end of 2020,” Maxim Shkolnick, Focus Estate Fund partner comments.

“The decision to enter Slovakia has long been in the plans of our company. With similar risks and yields in these countries, €820 million of investment in commercial real estate in Slovakia in 2018 indicates a sufficient, to our opinion, liquidity of this market,” he added.

It is worth reminding that there are three shopping centres in the Fund's portfolio in Poland (in the cities of Sandomierz, Zgorzelec, Bartoszyce) and two in the Czech Republic (in the cities of Most and Ostrava).

Focus Estate Fund is a real estate investment fund with its headquarters in Kyiv (Ukraine), focusing on non-prime commercial real estate in the countries of Central and Eastern Europe. The fund plans to invest in the development of commercial real estate projects of medium format in the most dynamic markets of Eastern Europe in the amount of €50 million over the next 2 - 3 years.