New big fish in Ukrainian RE

International investment company Heitman International plans to establish a fund Heitman Russia and Ukraine Property Partners. Core activity as you understand - development and property management in Ukraine and Russia. Heitman Russia and Ukraine Property Partners acquire for that purpose USD 150 mln. at least.

Heitman intends to invest in Russia and Ukraine Heitman Property Partners USD 5 mln equity, and rest of funds they're planning to borrow from the European Bank for Reconstruction and Development (EBRD), the institutional investors from Europe and North America. In May, the EBRD will consider the possibility of taking part in the formation of the fund.

There is some additional info about the project from EBRD.