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THE BANK FOR CORPORATES
36
Real estate
“The difficulty lies
not in the new
ideas, but in
escaping the old
ones.“
JOHN M. KEYNES
equity stake EBRD has acquired outside the financial sector provides the Europolis Group with
the opportunity to increase its investments from currently EUR 242 m to EUR 1 bn over a projected
period of five years. With the EBRD stake Investkredit has gained the international development bank,
which focuses particularly on Central Europe, as co-operation partner for its real-estate business and
has thus been able to build a European network in the real-estate sector. Investkredit Bank AG and
Europolis Invest consider the strategic participation of the EBRD as proof of the confidence and confirmation
of the strategy of real-estate investment in Central and Eastern Europe pursued for the past
four years.
Strengthened by this strategic participation the
Europolis Group will extend its successful realestate
activities to new markets, such as Romania,
Bulgaria, Croatia and the Baltic States.
The growing scale of the Europolis Group’s activities
in Prague required the establishment of a
management company, whose major tasks
consist in the management of the development
process, tenant services, re-letting of properties
and bookkeeping. For the next financial year, it is
planned to set up another management company
to take care of activities in Poland.