Heitman Central European Property Partners II, which was oversubscribed, follows two year after the formation of the €131 million ($135 million) HCEPP I, which is fully invested in more than twenty properties worth €580 million (USD 600 million).
Christopher Merrill, Managing Director of Heitman's International Private Equity Group said investors in HCEPP II include European and US pension funds and institutions including ABP--the world's second largest Pension Fund--Immofinanz--Austria's largest publicly listed property company--and the European Bank for Reconstruction and Development.
"The first investment for HCEPP II, a €100 million ($103 million) portfolio of four retail centres located throughout the Czech Republic, has already been placed under contract," Merrill said. Ultimately HCEPP II will have buying power of more than €650 million ($670 million) aimed at acquistions and development opportunties in Hungary; Poland; Czech Republic; Slovakia; Slovenia; Latvia; Lithuania; Estonia and Romania.
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