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Kulczyk-Silverstein fund targets Polish and Czech real estate

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Poland’s richest man Jan Kulczyk and New York real estate mogul Larry Silverstein have launched a fund that plans to invest up to 1.5 billion euros in central and eastern European commercial property. KSP Real Estate Investment Management, part of a joint venture called Kulczyk Silverstein Properties (KSP), initially plans to raise 200-300 million euros to invest in property in the largest Polish and Czech cities, its representatives said on Monday.

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