ADDISON, TX-Using a 50-50 partnership with a UK-based fund, Behringer Harvard Opportunity REIT I Inc. has swung open the door to Central Europe. The opening act is a buy-in to a 15-property retail-and-industrial portfolio and a hardy pipeline to continue fueling an assembly of institutional-quality assets.

The deal is an expansion of locally based Behringer Harvard’s ties to Hunter Property Fund Management Ltd. of Edinburgh, England, the portfolio manager of the St. Wenceslas Property Fund. The portfolio’s size isn’t available, but it is mostly retail with the heaviest concentration in Prague, Jason Mattox, Behringer Harvard’s executive vice president, tells Other properties are located in Warsaw, Gdynia, also in Poland, and Brno in the Czech Republic, with their European Union pushes underwriting the REIT’s investment strategy.

“We’re betting on these economies largely,” Mattox says. “You have growth in these economies that’s considerably faster than Western Europe and they’re now becoming part of formal Europe.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.