East Capital Russian Property Fund closing

Due to the subsequent financial crisis, our highly qualified team made a diligent decision to stay out and wait until price fall would stabilize. In this post crisis environment, despite intensive efforts, it proved impossible to realize our initial investment strategy within a reasonable time frame. As a result, no investments were made. Acting in the best interests of its investors, East Capital has taken the decision to close the fund and to return capital to investors at this time.

Our belief in Russia's long-term potential remains intact. The real estate sector in Russia is young and rapidly developing. We remain convinced of the attractive opportunities within the Russian shopping centre market and consumer goods investment theme in our universe.