Bluehouse maintains a dedicated focus in Emerging Europe with offices in the Czech Republic, Poland, Hungary, Romania, Bulgaria, Croatia, Serbia, Greece and Cyprus. This geographical commitment allows for granular, local market knowledge, off-market deals, as well as flexibility and immediate reaction.

 

Bluehouse has invested in 40 property transactions and has completed several successful exits, leveraging its strong local presence to source and execute proprietary investment opportunities, producing consistently positive returns throughout the property cycles.

The Bluehouse team includes 29 professionals covering all aspects of real estate investing. In addition to its investment capability, Bluehouse has an extensive development & project management expertise, as well as significant experience on legal, tax, finance and administration, while having established strong relationships with the premier financial institutions in the region, as well as international and local service providers. In today’s increasingly challenging investment environment, Bluehouse is uniquely positioned to identify, evaluate and execute property investments, while adding value through active, hands on asset management.
Investment Portfolio
Czech Republic Croatia Serbia Romania Bulgaria Greece Hungary Poland
Latest News
September 2018
Marynarska Point II, Warsaw - Poland: Bluehouse acquired an office building of nearly 14,000 sqm located in Mokotow – one of the largest and most dynamic business districts in Central Europe. The property was constructed in 2008 and is in very good condition, offering suspended ceilings, programmable and regulated air-conditioning, structural cabling, security and 24h monitoring, as well as a power generator. Additionally, the asset underwent a refurbishment of the ground floor (including the reception and patio) which now features a modern, visible reception layout as well as a lounge area. This is complemented by an outside patio which serves as a leisure component for tenants and visitors. There are 10 above-ground levels and 265 underground parking spaces. Major tenants include DNB Bank, Regus and T-Mobile.
July 2018
Margit Palace, Budapest - Hungary: Margit Palace was sold to very experienced Hungarian investment fund manager, Adventum Investment who was able to underwrite the asset based on its past performance and to forecast its ability for growth in the further parts of the market cycle.  At the other side, the timely sale of Margit Palace confirmed the improved liquidity in the Hungarian market, which provides confidence to our investors for subsequent investments. Margit Palace was acquired in July 2016, with the vacancy rate of 44%. By the end of 2017, Bluehouse successfully refurbished the building and the surrounding landscape, and brought fresh look to this beautiful office complex with an old fashion charm. Special challenge was to upgrade property parts recorded at the protected heritage list. Parallel with upgrading building technical and aesthetics position, Bluehouse worked on raising building occupancy, which rated 96% at the exit date.
November 2017
Karviná Shopping Centre, Karviná - Czech Republic: Bluehouse completed the acquisition of the shopping centre with a retail area of circa 14,000 sqm. The centre is the main retail destination in city with population of circa 54,000 inhabitants. Major tenants include Albert hypermarket, C&A, New Yorker.