How to Build and Make Profit on Industrial Projects
Jacek Wachowicz
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Senior Vice President, Director of Central and Eastern European Investments
Heitman International |
In the current position since December 2002. Heitman is one of the key players in the real estate investment market in Central Europe where it has had presence since 1995 and has invested in excess of 1 billion Euros to date. In January 2005 Heitman has launched its third specialized fund dedicated to real estate investments in Poland, Czech Republic, Hungary, Slovakia, Slovenia, The Baltic States, Romania and Bulgaria – Heitman European Property Partners III (HEPP II). HEPP III has 175 million Euros of committed initial equity. The goal of this fund is to invest in premium quality standing and development opportunities in all segments of the real estate market (save for hotel investments).
1995-2002 with Cargill Financial Markets Plc., UK. Cargill, the world’s largest privately owned company, has a broad range of investment activities apart from its core food processing and commodity trading business. It has been an active player in the Central European financial markets since the fall of communism. During the last three years at Cargill, Jacek Wachowicz was responsible for proprietary investments in Central European real estate markets. Prior to that, he was involved in currency and fixed income trading in the Central and Eastern European region.
1992-1995 with Raiffeisen Bank Poland. Based in Warsaw, his last position was as senior trader in foreign exchange and treasury-bill trader.
1992 Graduated with master degree from Warsaw University.
HEITMAN INTERNATIONAL
Heitman International Private Equity is a subsidiary of Heitman LLC. Heitman is one of the largest real estate investment advisory firms in the US. The firm has four business lines: U.S. private equity (Heitman Capital Management), public securities investment management (Heitman Real Estate Securities), international private equity (Heitman International Private Equity) and domestic mortgage brokerage (Heitman Finance).
Heitman LLC oversees approximately $12 billion worldwide of real estate, representing over 70 million square feet worldwide. Heitman LLC, including its subsidiaries, has offices in the US in Chicago, Los Angeles, and Minneapolis and in the U.K. in London and in Poland in Warsaw, Frankfurt, Germany and in Luxembourg. Over the past five years Heitman LLC has acquired on its own behalf or for clients $4.3 billion of real estate in the US and Central Europe and disposed of over $7.0 billion worth of real estate assets representing over 259 individual transactions.
Heitman LLC has more than 175 employees. With 30 years of experience as an institutional real estate investment manager, Heitman LLC has managed assets through several real estate cycles. This experience is the foundation for an organization that is at the forefront of the real estate community.
Heitman’s International Growth:
In 1995, Heitman International began researching the opportunities in the Region. Heitman International Private Equity employs a total of thirty‑six professionals in Chicago, London, Warsaw, Frankfurt and Luxemburg. The London office, opened in 1991, initially served the purpose of primarily representing European investors in their investment programs in the U.S. In 1995, Heitman International began researching the opportunities in the Region. The London office is staffed with investment, asset management, portfolio management, client service and accounting/investor reporting professionals. The office in Warsaw is staffed with investment, construction, legal, accounting and asset management professionals. The Frankfurt office is staffed with acquisition, investment/asset management and legal professionals. The Luxemburg office is staffed with tax and accounting/investor reporting professionals.