Investment Funds

Biggeorge 4. Real Estate Developer Real Estate Investment Fund

Investment Policy

The Fund Management Company set up the Fund as a fund investing in real estates located in Hungary, with a diverse portfolio. The Fund Management Company’s objective is that share buyers achieve a return above inflation and bank deposit rates in the medium term (over at least a three year horizon). The Fund intends to implement its real estate investments and developments mainly in Budapest and its catchment area, and secondarily in large domestic cities and other towns in the countryside. The Fund aims to accumulate capital.

According to the Fund Management Company’s plans, it intends to create added value for the Fund’s investors via its active management activity, primarily (but not exclusively) by implementing the following project types:

• Exploring and purchasing lands suitable for commercial and real estate and residential property development; to establish the plot development concepts; to prepare the construction permit plan documentation and to obtain the final construction permit required for the launch of the project; to develop the sales concept for the project
• Purchasing properties that can be sold with a substantial increase in value, significantly exceeding the development cost, after a potential redevelopment, partly because of their underutilisation and technical standards (renovation, transformation, extension), and/or a new lease.

The fund is an open-ended mutual fund, with indefinite maturity. The number of shares in circulation reached the distribution maximum set out in the Fund’s Investment Prospectus. As such, the distribution of shares is suspended at the moment.