Investing in Eastern Europe

Aggmore seeks to acquire real estate investments and real estate backed businesses. Our funds are largely opportunity led to provide flexibility to investors and the returns they seek. We are not constrained by strict investment criteria and will always base decisions on careful evaluation of risk versus return.

The Aggmore Europe Fund is continuing to build a diversified portfolio of asset classes. We are currently invested in Poland, Czech Republic and Croatia, and we are actively seeking investment opportunities across the wider CEE region. We also welcome introductions of exceptional investment opportunities in Western Europe.

Aggmore maintains a policy of targeting investments in non-core markets and regional cities, which will benefit from active asset management. However, as part of our diversification and risk management strategy we also consider prime assets.

Aggmore is interested in individual assets, investment portfolios and real estate backed businesses with an investment value in excess of €20.0 million. The Fund is sufficiently flexible for there to be no real upper limit on lot size. We will consider smaller sized opportunities where they demonstrate significant potential. We are experienced in working with corporate occupiers in Sale and Leaseback transactions as well as with Developers in the Forward Funding of development opportunities.

Investing in Eastern Europe
Economic Factors
  • Strong and stable economic growth continues to be forecast
  • Increasing political stability through accession to the EU
  • Economic growth and lower labour costs continue to attract foreign investment into the region, with positive benefits for the occupier markets
  • Attractive taxation regime for businesses
  • Growing consumer markets - fuelled by rising wage levels and increasing levels of employment
  • Legal and political reforms - reducing bureaucracy
Property Market Factors
  • Real estate and land values remain competitive by Western European standards
  • Selective opportunities remain for capital growth through yield compression
  • Occupier demand continues to increase for modern, high grade real estate
  • Lower development costs relative to Western Europe
  • Imperfect and unsophisticated markets create opportunities for investment and development in the real estate sector
  • Growing maturity of the funding market
  • Increasing size and liquidity of the property investment market
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