Real estate investment fund

US-based Heitman Financial Ltd. at the end of last year launched its second real estate investment fund operating in the CEE countries, Romania included: Heitman Central European Property Partners II (HCEPP II). The 175 million euro fund is but one of a series of investors (EBRD, Germany’s HVB Bank or GED Capital Development) to have announced plans to increase financing for the Romanian real estate market. HCEPP II, which was oversubscribed, is the second investment fund established by Heitman to seize the numerous opportunities arising on the CEE real estate market. The fund was launched two years after the establishment of HCEPP I, a 135 million euro fund, fully invested in more than 20 pieces of property worth approximately 580 million euros. “Heitman was among the first institutions to realise the potential of the real estate sector in Central Europe,” said Christopher Merrill, general manager of Heitman International, the group’s subsidiary for this region, and a member in the management of the two funds. ZF