We remain positive on the retail property sector in our geographies.

Robert Provine

In spite of the continuing international credit crunch and the problems
before some real estate players when trying to raise funds for their
expansion, it seems that there is still a room for growth, if we talk
about Southeastern Europe and its commercial real estate market in
particular.


Argo Real Estate Opportunities Fund is a London-based closed-ended
investment company listed on the London Stock Exchange that invests
primarily in the commercial property markets of Central and Eastern
Europe. The company’s shares were admitted to trading on the London Stock
Exchange’s AIM market in 2006 with initial capital of EUR 100 mln. With
its debt facilities, the company has some EUR 400 mln of development and
investment capital. The primary target markets include Romania, Ukraine
and Moldova. Argo focuses on the retail sector, which is expected to
benefit most from increases in disposable income and spending power being
witnessed across the region.


Is it worth continue investing in the Romanian retail market and why? How
does the Ukrainian market look like, when compared to this of Romania?
What are the major issues in these two markets, and are there other hot
niches except retail? What are the advices to the newcomers in this
part of Europe? These are some of the questions, Robert Provine –
co-founder and fund manager at Argo Real Estate Opportunities, shares some
insights in this interview. Read on.



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