This article was originally published on 31 October 2007
Today Guernsey-based Argyll Investment Services Limited is launching one of the first funds to invest in the Serbian and particularly Belgrade real estate market.
The appropriately named Belgrade Pioneer Fund launched on 31 October 2007 and has an opening investment period lasting until 15 November 2007. The fund, with a duration of five years, will have a minimum investment of €15,000 and is expected to raise a total of up to €10mn.
"Mentioning Serbia usually conjures up memories of civil war, hyperinflation and the regime of Slobodan Milosevic. Despite the continued uncertainty over Kosovo’s future, the reality of Serbia today is markedly different from that description. There is increasing political stability, including in external affairs, which is providing the foundation for strong economic growth," said Stuart Place, a Director of Argyll.
