Valad Europe launched its new Valad Central Europa Retail Partnership (VCERP) fund, which will target existing retail assets located mainly in Poland and the Czech Republic. Worth €500m, the fund will focus on first and second generation income-generating retail centers and retail parks located in the region’s biggest cities. The first acquisition, the takeover of the Butovice shopping center in Prague, has already closed. Valad Europe’s managing portfolio includes 20 funds, worth €4.9bn.
