Mitiska REIM, the investor specialized in retail and logistics projects, has secured a €50 million co-investment alongside the MEREP 3 value-add fund from the European Bank of Reconstruction and Development (EBRD).
The fund will focus on investments in CEE and will capitalize on the increasing demand from a growing range of end users for urban infill sites that offer accessible locations, affordable buildings, flexible design and sustainable solutions.
The fund has already committed €110 million to a portfolio of convenience real estate investments and a final closing of the fund is planned for Q1 2025.
“As we move towards a final closing of the fund in the first quarter of this year, we are well on track to surpassing our original fundraising target of €300 million,” says Sylvie Geuten-Carpentier, Managing Partner of Mitiska.
Over the past 12 years, Mitiska REIM has raised 5 funds and built a portfolio of 94 properties representing around 1.2 million sqm gross leasable area across 11 countries.
