News
GILD Real Estate fund EEREIF was named the Best Real Estate Fund in New Europe
Eastern Europe Real Estate Investment Fund (EEREIF), managed by GILD Real Estate, has won the Best Real Estate Fund 2008 award in the competition of Best Funds in New Europe, a ranking compiled by Business New Europe (BNE) publication. Recently successfully restructured EEREIF has generated average annual net return of 25% to its investors since inception.
"The achievements of the GILD Real Estate’s fund EEREIF indicate the competence and strength of our team. By combining the best expertise in real estate with experience in active fund management, we know the expectations of investors in that asset class. Surely, the positive market cycles have also contributed to the performance of the fund, but we clearly focus on being efficient fund managers in the long term and in all market cycles," says Jaanus Juss, Member of the Board of GILD Real Estate.
Juss added that fund’s strategy aims to maintain the right balance between cash-flow projects in prime locations providing stable level of returns and development projects in fast-growing markets that raise the returns step by step.
GILD Real Estate is an asset management company specialised in managing real estate investment funds. The company was founded in 2005 as a partnership between two Baltic market leaders – investment bank GILD Bankers and real estate group Uus Maa.
GILD Real Estate is regulated by Estonian Financial Supervision Authority has currently one real estate fund under its management – Eastern Europe Real Estate Investment Fund (EEREIF). The amount of assets currently under management of GILD Real Estate is more than EUR 65 m.
EEREIF is a real estate fund focusing on commercial real estate and looking for hidden upsides in the Emerging Europe real estate market. Its portfolio is well balanced with the strategic split of 60 percent cash flow projects and 40% development projects. Investments are diversified between the Baltic States, Bulgaria and Poland. Targeted annual return to investors is 15-20%.
GILD Bankers is an independent investment bank in Emerging Europe with a leading position in the Baltic countries. Our core services are management of alternative funds, investment banking and private banking.
For additional information, please contact:
Kadri Kütt
Communication Manager
GILD Bankers
kadri.kytt(at)gildbankers.com
+372 56 800 467