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The company management established the East European Property Fund (eepfl.com) in 2006. EEPF has $50m of assets under management in Istanbul, Sofia and Bucharest. Pera Pera is the property advisor to the Fund. The Fund was established with the support of international institutional investors. It was one of the first foreign property funds established to invest in Turkish commercial property.
Pera Pera arranged with HSBC on behalf of EEPF, one of the first international template commercial property loans in Turkey. An interest only $17.5m property loan in 2007.
PP is also managing funds for the Prince's Islands boutique hotel project and the Sofia Retirement Village Project.
The typical fund management arrangement is a 20% annual management fee and 25% performance fee over a 6% annual hurdle rate.
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