Fund Creation

Central European Shopping Centre Development Fund

  • Originated the Central European Retail Property Fund, a US $120 million equity capitalised Central European shopping centre development fund.
  • Lehman Brothers was selected as fund co-investor and as financial partner to help close the fund.
  • Fund was one of the first European real estate opportunistic private equity funds.
  • Fund was co-led by Michael Roskelly / Jones Lang LaSalle, together with Lehman Brothers and Bouygues counterparts.
  • Developments included the Wola Park shopping centre in Warsaw.

Shopping Centre Investment Fund

  • Cadenza and Commerz Grundbesitz Investmentgesellschaft (CGI) jointly sponsored a €250 million equity investment fund for Central Europe targeting shopping centre investment opportunities.
  • Structured a Luxembourg SICAV fund vehicle to support the investment initiative.

MRU Central European Investment Recovery Fund

  • In 2009/10 Cadenza was a partner in sponsoring a €250 million equity real estate investment recovery fund targeting Central Europe.
  • Responsible for structuring the fund and running the shopping centre investment strategy.
  • Funded the set up costs and oversaw the structuring of a Luxembourg FCP Fund to support investment initiative.
  • Underwrote in excess of €500 million of shopping centre assets to act as identified pipeline for the fund.

SEE Income Generation and Sustainable Development Fund

  • Currently working on a €150 million Income Generation and Sustainable Development Fund concept for SEE.
  • Objective is to anchor the investment initiative with a large scale urban regeneration pipeline Cadenza has identified in Belgrade.
  • Assembled a “best of class” implementation team for the initiative subject to closing fund concept.