Poland goes from strength to strength

Whilst the debate about the effects of Polish labour flooding into the UK continues, people in Britain are being offered a chance to invest in the emerging economy in Poland.

The Polish economy is undergoing a major transition, bringing with it major opportunities for financial growth.

PropertyBourse, Europe’s only FSA authorised platform for opportunity driven specialist property funds, believes it has an option that not only allows access to what is becoming a dynamic economy, but help mitigate many of the risks.

Following EU membership, the Polish Government will have up to 82 Billion Euros to invest in infrastructure projects between 2007 and 2008 and one leading investment bank is forecasting GDP growth of up to 7% per annum if the grants are utilised properly.
Chris Cauvain Head of Sales at PropertyBourse says “We are very excited about the prospects for Poland, and are pleased to offer investors a chance to participate at the heart of the Polish property market.

“We launched City Living Poland back in March 2006 and the response from IFAs has been very good. The latest price shows an 8% growth in NAV since March, this equates to 2% per month increase in the Net Asset Value since its first close.”

The fund aims to benefit from the growth in house prices in the major cities of Poland. The plan is to have in excess of 1,000 apartments spread amongst the major cities, where the economy is growing at its strongest.

“Clients not only benefit from the geographical diversification that this gives, but also the expertise and experience that the professional fund manager brings to the table,” said Chris.

Alek Jankowski of Skarbiec currently manages €100m of residential property in Poland. Skarbeic is part of the Commerzbank group.

Chris adds “Alex has been busy buying off-plan apartment blocks in Warsaw and Krakow to let to the corporate market place. This scheme benefits from economies of scale on both sides - its ability to negotiate good and genuine discounts from developers and the scale to target the corporate lettings market.

“Realistically the average investor would not be able to achieve the diversity or the depth of local expertise that City Living Poland can achieve.”

The next closing date is the end of December and can be accessed directly or via SIPP/SSAS and some Offshore Bonds. Further details are available at PropertyBourse.com