The investment fund, called Arka Property Fund II, is managed by a Polish company which also manages BZ WBK AIB TFI funds. Arka Property Fund II plans to take over already developed office buildings projects, retail and industrial spaces and also develop new projects in Bulgaria, Croatia, Czech Republic, Hungary, Estonia, Lithuania, Russia, Slovakia, Ukraine and Romania. Arka Property Fund II will be listed on the secondary market of the Warsaw Stock Exchange.
The BZ WBK AIB TFI was set up in 1998, and is owned by BZ WBK AIB Asset Management, with indirect shareholder BZ WBK, one of the largest banks in Poland and Allied Irish Bank.
BZ WBK AIB TFI funds create and manage investment funds for corporate clients in Poland, covering net assets valued at EUR 5.9 billion.