- April 1, 2013, Vol 7, No 4

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Fundraising round-up variations in approach

by Sara Kassabian

1 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 to local chains and internationa

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