Monday, February 18, 2008

Europe's largest property fund declares interest in Bulgaria

Dutch TKP Pensioen Real Estate Fonds (TREF), which claims to be the biggest property fund in Europe with investments of more than one billion euro, has declared its interest to invest in Bulgaria, investor.bg quoted the head of real estate investment at TKP Investments, Robert-Jan Tel, as saying.

TREF has started researching investment opportunities offered by Bulgarian funds, but also in other South East European countries. The fund already has put money in real estate investment trusts (REITs) in Hungary, Poland and Czech Republic, such as the US based AEW and a fund specialised in office properties, managed by Orco Properties.

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