"The plan for PBW II is to stick to the countries which are already part of the EU".

Artur Mokrzycki

IXIS AEW Europe (IAE) has already gained a well-established presence and a proven track record in Central Europe: the company has been active in the region since 1991 and its PBW real estate fund, set up in 2002 and dedicated to the markets of Poland, Hungary and the Czech Republic, comprises office and retail assets totaling more than 200, 000 sq. m. IAE is now venturing not only into the core Central European markets but also into the last EU entrees: its PBW II real estate fund is authorized to invest in 11 Central and Southeastern European countries, including Romania, Bulgaria, Slovenia, Estonia and Croatia is to be added soon.

That’s why, pursuing more information about PBW II and IAE’s plans for the future, Property Xpress met Artur Mokrzycki, Managing Director of Central Europe for IXIS AEW Europe, at this year’s MIPIM. In this interview Mr. Mokrzycki talks extensively about the investment strategy of PBW II, the first property the fund has acquired, the projects in the pipeline with regard to Bulgaria and Romania, as well about the company’s plans for Russia and Ukraine. Which real estate segment has most significant potential in the markets of Romania and Bulgaria? Is IAE viewing hotel real estate in CEE? What risks is the company willing to run when managing the funds of its investors and how is it co-operating with developers? Will IAE establish a PBW III real estate fund targeting the non-EU countries? Read this exclusive interview in order to find out the answers.


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