Peakside Capital, a real estate investment and fund management firm, is looking for market opportunities for its fourth European fund, Peakside Real Estate Found IV (PREF IV). It intends to allocate up to EUR 350 million for investments, mainly on the German market. Peakside also assesses investments in the Polish market and Central and Eastern Europe as very promising.
Roman Skowroński, managing director of Peakside Capital Advisors in Poland commented, “Peakside Capital, a European real estate private equity firm, is looking for attractive real estate for its fourth Peakside Real Estate Found IV (PREF IV). As part of the first tranche, the company has already collected EUR 160 million from investors for a closed-end fund, and ultimately intends to raise EUR 350 million for investment purposes.”
The fund’s activities will mainly focus on real estate investments in Germany, which have been discounted as a result of the current situation and which offer a high potential for added value. The target will be projects with a price range of EUR 30 million to EUR 150 million for each investment. Peakside also assesses its involvement in the Polish market and Central and Eastern Europe as very promising. “The markets of Poland and Central and Eastern Europe are characterized by a high level of development, investment and rental activity. Combined with a solid macroeconomic condition, minimal rent increases in the market and an attractive capitalization rate, the markets offer an interesting offer, ”said Roman Skowroński, Managing Director of Peakside Capital Advisors in Poland.
Under PREF IV, one asset has already been covered by an exclusive agreement, and further targeted investments are under preparation. Peakside managers expect more investment opportunities to emerge in the second half of 2021.
Further archive related news: CIJ Germany
