"Only two in every ten shopping malls being built in Bucharest at the moment are of proper quality'.

Martin Sabelko

Last year ING Real Estate Investment Management launched two funds investing in the CEE region: the first, ING Property Fund Central Europe LP is already closed and the new one, ING Real Estate Property Fund Central and Eastern Europe, raised EUR 1 bln at its first closing on 20 December 2006, expecting to materialize investments with a value of EUR 400 mln by the end of 2007.
How is this process advancing? Who are the investors currently committed to the investment funds of ING for CEE? Will domestic pension funds from the region join them thus becoming powerful real estate players? Why it is much wiser to put the people’s retirement money in bricks and mortar in front of their doors? Why did Romania experience a significant part of the effects of its EU entry before it actually took place? Is the Romanian real estate market overheated and how is ING mitigating the risk when investing in the country? Which is the real estate product of the future? Why sometimes investors can save money if they don’t buy a project? Are all the shopping centers projects that are currently being implemented in Romania of proper quality? These are really “hot” and intriguing questions and Martin Sabelko, Managing Director of ING Real Estate Investment Management Central Europe provides straightforward and interesting answers to them exclusively for Property Xpress at this year’s MIPIM. In this must-read interview you can find out also: Why Russia is the most overheated real estate market at the moment? What should real estate players do in order to avoid improper investments? Who are the international real estate companies active in the retail segment in Romania? What is the role of the new generation of the country? Moreover, details about the company’s allocations in Romania and its plans for Bulgaria and Ukraine are also available in the present article.



This interveiw contains 2740 words.

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