The German-based IVG Immobilien expanded its Polish fund by an additional €100m this week. Set up in 2011, the IVG Warsaw fund has already invested more than €800m on the Warsaw office market, with its latest purchase, Norway House, sealed in August. The money for IVG Warsaw came from pension funds and insurance companies active in Germany, as well as from Austrian institutional investors. “The IVG Warsaw fund is part of our strategy to introduce new investment products, which will focus on particular markets,” said Bernhard Berg, head of the IVG Institutional Funds board. “The move corresponds with expectations of institutional investors and ensures the successful entry into the new markets.”
