Brave new Europe

Many real estate investors are discovering the promise of Central and Eastern Europe — perhaps too many. By Jonn Elledge

Members onlyEU accession status of countries in the region

Country EU Status
Bulgaria Expected to join in 2007
Croatia Expected to join in 2007
Czech Republic Joined in 2004
Estonia Joined in 2004
Hungary Joined in 2004
Latvia Joined in 2004
Lithuania Joined in 2004
Poland Joined in 2004
Romania Expected to join in 2007
Slovakia Joined in 2004
Slovenia Joined in 2004

Bloc partySelect Central & Eastern Europe-focused funds

Firm Fund Target Size (m) Strategy
Hunter Property Fund Mgmt. St Wenceslas Fund €100 Czech Republic/Slovakia commercial
Evli Bank EPI Baltic 1 €46 Baltic commercial
Baltic Property Trust BPT Optima €150 Baltic core plus
Global Finance Global Property Fund €150 Balkan development
Morley Fund Mgmt. European Residential Property Fund £100 Central/Southeast Europe residential
MIL Equity Partners MIL Equity Partners LP $100 Bulgaria residential, commercial
NAI Pickard Primeros Property Fund $50 Ukraine office
NAI Pickard Primeros Logistics Fund $160 Ukraine industrial warehouse
Morley Teesland iOG Central European Industrial Fund €160 Central Europe industrial
Accolade Property Croatian Residential Growth Fund €5 Dalmatian Coast residential
Heitman Heitman European Property Partners II
i €350 Central Europe diversified