"Now it is more a buyers' than a sellers' market".

Robert Whitton

Celebrity-backed real estate manager aAIM have already committed a considerable investment amount to CEE through their Symmetry fund, which has recently acquired Arena Plaza in Budapest for the imposing sum of EUR 400 mln. Now, when Symmetry is almost fully deployed, aAIM are in the process of establishing their second fund covering the region, Symmetry II, which is certain to invest as far east as Romania and Bulgaria.

Pursuing more information about aAIM’s new fund and its plans for SEE, Property Xpress contacted Mr. Whitton, the company’s co-founder. He agreed to share with our readers details about the new vehicle’s strategy and investment targets with regard to Bulgaria and Romania, about its anticipated limit for investments in CEE and the yields it expects to achieve.

“We are looking at all sectors, we are looking at prime assets in both prime and secondary cities and towns,” reveals Mr. Whitton. He also sheds light on issues such as: Why does the credit crunch create a window of opportunity for equity players? How long are funds like aAIM likely to dominate the market? Why do the logistics sectors of Romania and Bulgaria hold substantial potential? How will Symmetry II secure new assets in both countries? Is the fund eyeing hotel assets in CEE? What an impact would the current downturn taken by global real estate have on UK property short-term and long-term? Go for the answers.



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