Project number:


Business sector:

Property and tourism

Notice type:


Environmental category:


Approval date:

19 Nov 2002



PSD disclosed:

16 Oct 2002

Project Description

The Polonia Property Fund (the "Fund") is an existing EUR 101.3 million investment fund that seeks to achieve long-term equity gains through investment in property projects primarily in Poland.
The objective of the Fund is to provide investors with attractive returns through investments in property projects (primarily office buildings and warehousing/distribution centres in Poland). In addition, the Fund has sponsored developments of international-standard buildings that are attractive to institutional users and investors.

Transition Impact

The transition impact of the project is most evident in its contribution to the development of sector-focused funds in the region and in introduction of international investors to the regional real estate market. The existence of property funds with international investors is a key component in developing a secondary market for property.

The Client

The General Partner of the Fund is Peakside Polonia Holdings Limited, a wholly owned subsidiary of Peakside Capital. 
Peakside Capital is a mid-sized real estate investment management firm created following a management buyout from Bank of America Merrill Lynch in September 2010. 
Peakside Capital currently manages several real estate funds with investments across Europe and has total gross assets under management of approximately EUR 2 billion.

EBRD Finance

The EBRD’s investment is EUR 20.26 million which is equivalent to 20 per cent of total Fund capital.

Project Cost

EUR 101.3 million.

Environmental Impact

FI. The Fund follows EBRD's Environmental Procedures for Property Development and Acquisition Funds. In implementing these procedures, the Fund would assess and address, to the EBRD’s satisfaction, potential environmental issues associated with its investments, which are required to comply, at a minimum, with national requirements for environment, health, safety and public consultation.

Technical Cooperation


Company Contact

Stefan Aumann
Founding Partner and Head of Asset Management
Bundesplatz 14
6300 Zug

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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