Capital Park could launch second closed-end retail fund in H1 2015

Polish commercial developer Capital Park could create its second closed-end investment fund based on the retail asset portfolio in the first half of 2015, the firm’s CEO Marcin Juszczyk told ISBnews. “We now have properties worth PLN 40 million gross and they could be the basis for the closed-end investment fund. We are negotiating the purchase of further assets. I think we will decide to create the fund with assets worth some PLN 50-60 million,” Juszczyk said. The firm’s Vis-a-Vis convenience center in Łódź, set to be completed in early December and already 93 percent leased, will be added to the portfolio. The company has another plot designated for the Vis-a-Vis concept and is analyzing several street mall projects. Juszczyk also added that the company could sell its Eurocentrum office scheme, delivered this year in Warsaw.