“With this investment, we are expanding our exposure in Central East Europe and our investors will be able to benefit from the dynamic development of the CEE economy,” said Barbel Schomberg, CEO of DEGI.
The fund made its first investment in CEE in 2006. Currently it is invested in Poland, Romania and the Czech Republic. Its CEE portfolio is made up of a total rentable area of 139,000 sqm, with a total value of around EUR 554 million. In Romania, DEGI owns three office buildings and a shopping facility.