Landmark Property Management SA (Landmark) is a real estate investment company incorporated in Luxembourg in April 2005.

Landmark is backed by a group of international institutional and strategic investors and its management.

Landmark has a strong management team with a wealth of real estate experience and geographic focus on Central and Southeastern Europe.

Landmark’s Strategy
Landmark’s objective is to own a balanced portfolio of properties in the real estate markets of selected countries of Central and Southeastern Europe that offer the prospect of high returns to investors. To achieve this objective, Landmark is pursuing a twin-track strategy:

• The Investment Portfolio: Landmark is investing in income generating commercial and retail properties characterised as high quality buildings with good covenants, term length rental income and high occupancy rates. Landmark intends to hold these assets for about a five year period to benefit from surplus income, rental growth and future capital appreciation. Landmark may invest in these assets alongside other investors.

• The Development Portfolio: Landmark is acquiring development land for mixed-use or residential/leisure projects. Landmark will add value by securing the required planning permits and consents. Landmark will then mitigate the development risk and recoup the majority of its original investment by entering into joint venture arrangements with expert developers, retaining project participation in key operational and strategic matters. Once developed, the assets may be transferred to the investment portfolio or disposed of.

Landmark will also investigate interesting opportunities in other Central and Southeastern European countries, Russia and the Ukraine as they arise and will apply the same investment strategy as above. Landmark can acquire properties directly or by investing in the equity or securities of companies. In managing its assets, Landmark will seek to hold its investments in special purpose vehicles which will facilitate their ultimate disposal.

Landmark will aim to enhance the value of its holdings through the use of leverage and will seek to obtain non-recourse finance and refinancing on attractive terms. Landmark will regularly and critically review its portfolio to dispose of or otherwise release capital from properties whose prospects for further yield or capital appreciation have matured compared to new investment opportunities at hand.