AIB Capital Markets has put a EUR 500 mln property portfolio in Central and Eastern Europe up for sale, sources close to the sale process told PropertyEU during the Expo Real property fair. The portfolio, which is held by AIB鈥檚 Polonia Fund, comprises five office buildings in Warsaw, one in Krakow, one in Poznan (Poland), two office properties in Budapest, Hungary, and two distribution facilities in Lodz, Poland. AIB is said to have hired JLL for the sale. Due to the large size of the portfolio, the broker is understood to be trying to sell the assets on an individual basis.
AIB Capital Markets has put a EUR 500 mln property portfolio in Central and Eastern Europe up for sale, sources close to the sale process told PropertyEU during the Expo Real property fair. The portfolio, which is held by AIB鈥檚 Polonia Fund, comprises five office buildings in Warsaw, one in Krakow, one in Poznan (Poland), two office properties in Budapest, Hungary, and two distribution facilities in Lodz, Poland. AIB is said to have hired JLL for the sale. Due to the large size of the portfolio, the broker is understood to be trying to sell the assets on an individual basis.
The Polonia fund was launched in 2003 to invest in the emerging real estate markets of Poland, Hungary and the Czech Republic. It raised equity commitments of EUR 500 mln from a number of institutional and private investors from the UK, Ireland, Austria, and other European locations.
