US boots on CEE ground

Heitman is to take a 74 pct stake in the joint venture valued at around HUF 45 bln. (A 50:50 joint venture between TriGranit and Heitman was announced early last year for the ownership of the 60,000 sqm gla Arena Centar mall in Zagreb). This was followed in early January by the announcement that Heitman had bought the 32,800 sqm Science Park and 23,000 sqm Alkotás Point office buildings in the same city from Aviva Investors. A loan of EUR 60 mln by pbb Deutsche Pfandbriefbank was provided for the deal. And at the beginning of January this year Heitman announced that it had bought Aupark Tower, a 34,500 sqm class 'A' office property in Bratislava, from HB Reavis Group.Last year of the fundAll of these deals, as well as the acquisition of Office Building 2 (22,500 sqm) in Moscow from Metropolis last summer, have been transacted on behalf of the group's EUR 505 mln Heitman European Property Partners IV (HEPP IV) fund, which is now in its final year of deployment. According to Otis