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Monday, December 17, 2007

New JV for RE in Ukraine

Marbleton Property Fund, Alfa Bank Ukraine and Griffin Investment Partners have founded a joint venture named Metropolitan Properties to manage commercial real estate projects.

Investment strategy is portfolio of high-yielding assets, including new development, adding value to existing properties, reconstruction, proper tenant mix. Every part of this vehicle bring EUR 10 in equity.

Marbleton Property Fund specializes in investments in real estate, with total of USD 321 mln. under its management.

Griffin Investment Partners (GIP) is an investment company involved in real estate projects in Central and Eastern Europe, it manages over EUR 360 mln. from institutional and private investors.