The win-win-win scenario

Guernsey-based Revetas also revealed that it was opening an office in Budapest to add to its existing branches in London, ?Bratislava and Vienna and that it was currently in the process of raising a EUR 250 mln fund for investment in the region. Along with these announcements was the appointment of Markus Leininger to Revetas' investment committee, who spoke to ?Eurobuild CEE' about the ambitions of the fund in this part of the world.Revetas Capital is the successor to Bifrost Investment Group, which was set up in 2003 aimed at opportunistic real estate investment in the CEE region, but mainly in the CIS. According to the company website, the team has since acquired, managed, refinanced and disposed of over EUR 400 mln of real estate in ten transactions involving properties with a combined area of around 240,000 sqm. However, the team's geographical focus has now shifted. "Now we are looking at the SEE region, where banks are trying to dispose of distressed assets," explains Markus Lei