MAS Real Estate trebles asset base in less than three years

European fund MAS Real Estate has aggressively expanded into the Central and Eastern European commercial property market since 2016, trebling its overall asset base.

MAS's asset base has increased from €300m in 2016 to €900m in 2019, with the company having been restructured in this time. In 2016, it changed its strategy from being a company which enabled a group of investors to shift some of their wealth offshore to a JSE main board listed company for public investors.

"The emphasis was on developing and owning a portfolio of predominantly retail assets in CEE to complement and diversify our Western European portfolio, and as a result two joint ventures were formed with Prime Kapital, focusing on developing and acquiring dominant assets in strong locations within CEE," Levy said.

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