Central Europe Real Estate Fund (CEREIF) breaks the €100m markRead press release
The value of Central Europe Real Estate Fund of HB Reavis, or CEREIF, has risen to more than €100m.
The Luxembourg-based fund is managed by the Group’s investment management arm on a full discretionary basis.
It’s also focused purely on fully-operational, income-generating properties in Central Europe (Czech Republic, Hungary, Slovakia and Poland).
The landmark growth is no small achievement considering the seven year old fund has consistently delivered 11% p.a. (net after fees), including around 6.4% p.a. in dividends – mostly to institutional and high-net worth investors from Central Europe.
As HB Reavis continues to create remarkable workspace experiences, CEREIF will enjoy even more opportunities to capitalise on the holistic solutions and business communities we create and manage.
In fact, the team is already looking to further diversify the portfolio, and shape the perfect vehicle for investors interested in Central European properties.