Dea Capital sets up JV to enter Polish market

Italian asset management group Dea Capital has announced plans to expand the business to Poland with the launch of a new joint venture with local firm Ksiazek Holding.

The platform will take the form of a 50-50 collaboration aimed at attracting foreign capital for investment as well as at identifying new investment opportunities in the country. Dea Capital has yet to name a chief for the Polish business, which will have a value-add and opportunistic investment strategy.

The announcement follows Dea Capital's launch in February of a similar unit for Iberia and another one for France in September 2018 and is in line with the Italian asset manager's plan to expand its presence in the real estate sector.

Ksiazek Holding is the owner of Marvipol Development, a Warsaw-listed company focusing on real estate services.

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