Changing hands

The list of companies in the region that look likely to undergo significant changes in their ownership structures is long and the assets in their portfolios go into the billions of euros. These include GTC, Echo Investment, Robyg, TriGranit, Qualia, Polnord, Ronson, CA Immo and Immofinanz. There has been a great deal of movement recently, at a time when there is more interest in the real estate market in the region than there are individual assets available for sale. What else can we buy? The present financial policies of some of the largest institutions in the world have led to a situation in which vast amounts of capital are now circulating on the international investment market. And a significant amount of this is headed for the real estate market. According to Preqin, in Q1 2015 real estate funds raised the record amount of USD 29 bln. Admittedly, the lion’s share of this is attributed to the Blackstone fund, which has acquired the global real estate portfolio of GE Capital