Martin Sabelko, Managing Director of ING Real Estate Investment Management Central Europe, in an Exclusive Interview for Property Xpress
Sofia, Bulgaria (9 May, 2007, Property Xpress) – “Only two in every ten shopping malls being built in Bucharest at the moment are of proper quality”: Martin Sabelko, Managing Director of ING Real Estate Investment Management Central Europe reveals in the interview, published in PropertyXpress.com.
What can you read in the interview?
Last year ING Real Estate Investment Management launched two funds investing in the CEE region: the first, ING Property Fund Central Europe is already closed and the new one, ING Real Estate Property Fund CEE, raised EUR 1 bln at its first closing on 20 December 2006, expecting to materialize investments with a value of EUR 400 mln by the end of 2007.
How is this process advancing? Who are the investors currently committed to the investment funds of ING for CEE? Will domestic pension funds from the region join them thus becoming powerful real estate players? Why it is much wiser to put the people’s retirement money in bricks and mortar in front of their doors? Why did Romania experience a significant part of the effects of its EU entry before it actually took place? Is the Romanian real estate market overheated and how is ING mitigating the risk when investing in the country? Which is the real estate product of the future? Why sometimes investors can save money if they don’t buy a project? Are all the shopping centers projects that are currently being implemented in Romania of proper quality?
These are really “hot” and intriguing questions and Martin Sabelko provides straightforward and interesting answers to them exclusively for Property Xpress at this year’s MIPIM. In this must-read interview you can find out also: Why Russia is the most overheated real estate market at the moment? What should real estate players do in order to avoid improper investments? Moreover, details about the company’s allocations in Romania and its plans for Bulgaria and Ukraine are also available in the article.
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Property Xpress is a daily updated electronic publication designed to facilitate the search for reliable and relevant information on the real estate markets in Southeastern Europe and Ukraie.
INTERVIEWS: Property Xpress invites for interviews well-known professionals and investors - both international and local. The personal experience of the people who have been operating in this sector and region for years and the review of their current and future projects are the pillar of the service.
GEOGRAPHICAL COVERAGE: Property Xpress covers Romania, Bulgaria, Serbia, Montenegro, Ukraine and Moldova. Other markets are to be added soon.
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