Bluehouse Equity Fund III, managed by Bluehouse Capital Advisors and registered in Luxembourg, is planning to invest a total of EUR 300mn in Romania, Bulgaria, Ukraine, Moldova, Serbia, Montenegro, Croatia, Bosnia and Herzegovina, Greece, and Turkey. The Fund is planning to acquire stakes in commercial real estates. EBRD is expected to provide EUR 48mn or 16% of the total investment resources of the Fund. EBRD also would propose a co-investment facility of up to EUR 15mn for equity investments. The project is expected to improve and develop the real estate markets in the region and to promote competition.
Source: Intellinews-Bulgaria Today