Fundraising in Europe continued to remain active in February 2013, with commitments from investors looking to maximise returns in emerging markets and with core properties.

Valad Europe, manager of €4.3 billion in assets, acquired the Polish Retail Fund from GE Capital Real Estate near the end of the month. The Polish Retail Fund is a closed-end fund that manages a €570 million portfolio of six shopping centres and three hypermarkets across Poland.

Valad is co-investing in the fund, and GE Capital Real Estate will continue to control a substantial stake. According to The Wall Street Journal, the fund produces more than €40 million in yearly revenue, and the properties are fully leased