Our Investment Strategy
Proven Value-Add Strategy in European Convenience Retail
Our strategy is built around identifying undervalued yet fundamentally strong retail assets across Europe and the UK. We focus on assets that serve everyday consumer needs and offer long-term potential through operational improvement, tenant repositioning, and capital investment. By targeting mid-sized convenience retail in growing residential areas, we unlock value where others overlook it.
Value-Add Real Estate
We implement a hands-on value-add approach, focusing on underperforming or distressed assets with strong fundamentals. Through operational streamlining, active asset management, and targeted CAPEX programs, we improve asset efficiency, enhance tenant quality, and increase net operating income.
Targeting Convenience Retail
Our investment focus lies exclusively in convenience retail and retail parks, serving daily needs with a resilient and stable tenant base. This segment has consistently demonstrated strong performance across market cycles.
Regionally-Dominant Retail Location Selection
We concentrate on assets located in secondary and tertiary residential areas with favorable demographics. These emerging neighborhoods offer untapped growth potential and sustainable demand for essential retail.
Mid-Sized Asset Sweet Spot
The Fund targets mid-scale assets ranging from 10,000 to 40,000 sq. m, offering the ideal balance between efficiency and flexibility. These formats allow for diversified tenant mixes and adaptability to local consumer patterns — ensuring long-term tenant retention and asset stability.
Geography-Agnostic
We invest where others hesitate — across non-prime but fundamentally sound markets in continental Europe and the UK, with a high bar for rule of law principles and investment returns. Our approach is driven by opportunity, not geography: we look for undervalued assets with operational upside and asset inefficiencies we can manage.
But the right entry trajectory is only half the story. Every investment is made with exit liquidity in mind.
By aligning capital deployment with market fundamentals and clear exit visibility, we build a resilient, strategically balanced portfolio that performs through cycles — and delivers when it matters most.
We know where to look — and how to act — to deliver stable, risk-adjusted returns in dynamic retail markets.
Get in touch to explore our current opportunities and partnership model.
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13
Shopping Centers
4
Countries
196,8 M €
Assets under Management
60+
Strong and Stable Team
10+
Years of Experience
220,000 m²
Gross Leasable Area
Our Team
International entrepreneurial team with deep senior level involvement in all real estate project phases and elements – sourcing, analytics, risk management, private equity, development, structuring, due diligence, leasing, asset and facility management, disposition.
See All Team
Andrew Kozin
General Partner
Max Shkolnick
General Partner, M&A & Asset Management
Mykola Stetsenko
Partner, Legal
Oleksandr Romanyshyn
Partner, Analytics
Svitlana Gavrylova
Chief Operating Officer
Artem Semeniuk
Co-CFO
Tetiana Grachova
Head of Finance Department
Oleksij Demydov
Head of Project Management
Anna Yavdonich
Head of Marketing
Sergiy Sushko
Investment Director Germany, Spain, Poland and Czechia
Anna Adikaeva
Head of HR
Ihor Kirichok
Head of Accounting
Maryna Kaminker
Head of Financial Control Department
Portfolio
A carefully curated selection of mid-scale commercial properties across Western and Central Europe, strategically acquired and managed to maximize value and long-term growth.
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Stay updated with the latest news, insights, and developments from Focus Estate Management.
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SOSNOWIEC PLAZA EXPANDS ITS RETAIL OFFER WITH THREE NEW TENANTS
Sosnowiec Plaza continues to strengthen its retail offering with the signing of three new lease agreements that will further enhance the shopping experience for customers and reinforce the center’s position as one of the leading retail destinations in the region.
June 12, 2026
FOCUS ESTATE FUND SECURES ADDITIONAL €5 MILLION FINANCING FROM BNP PARIBAS BANK POLSKA FOR TURAWA PARK ASSET
Focus Estate Fund, a private equity real estate investment fund specializing in value-add retail properties across Central and Eastern Europe, has signed an annex to its existing credit agreement with BNP Paribas Bank Polska.
June 10, 2026
MR.DIY TO OPEN AT EDEN RETAIL PARK IN ZGORZELEC ON 13 JUNE
Zgorzelec, Poland – June 2026 – Eden Retail Park continues to strengthen its retail offering with the upcoming opening of MR.DIY, one of the world’s leading home improvement and lifestyle retailers.
June 5, 2026
TURAWA PARK STRENGTHENS ITS TENANT MIX WITH NEW OPENINGS AND EXPANSIONS
Opole, Poland – June 2026 – Turawa Park, one of the leading retail destinations in the Opole region, continues to strengthen its offer with a series of new openings and an expansion agreement with one of its long-standing tenants
June 3, 2026
RYBNIK PLAZA STRENGTHENS ITS OFFER – IKEA TO OPEN A PLAN AND ORDER POINT IN JUNE 2026
IKEA is set to join the tenant mix of Rybnik Plaza, where it will occupy a 330.3 sqm space. The new Plan and Order Point is scheduled to open in June, 2026, bringing a broad range of home furnishing and interior design solutions closer to local customers
May 7, 2026
JYSK TO OPEN NEW STORE AT TURAWA PARK IN AUGUST 2026
Turawa Park is set to welcome JYSK, which will occupy a 994.14 sqm space in the center. The store is scheduled to open in August 2026, providing local shoppers with convenient access to a broad range of home furnishings and interior products.
April 21, 2026
FOCUS ESTATE FUND EXTENDS LEASE AGREEMENTS WITH PEPCO AND DEICHMANN AT GALERIA AWANGARDA
Focus Estate Fund, an investor and asset manager of retail properties across Europe, announces the extension of lease agreements with key tenants Pepco and Deichmann at Galeria Awangarda in Bartoszyce, Poland.
April 17, 2026
FOCUS ESTATE FUND STRENGTHENS RETAIL PORTFOLIO WITH NEW LEASE AGREEMENT AT SOSNOWIEC PLAZA
Focus Estate Fund announces the signing of a new lease agreement with HalfPrice, Europe’s leading off-price retailer, for approximately 2,000 sqm of modern retail space at Sosnowiec Plaza in Sosnowiec. The transaction marks a further strengthening of the centre’s retail offering and reflects continued confidence in the resilience and growth potential of the Polish consumer market.
March 2, 2026
MR.DIY TO OPEN A STORE AT GALERIA SANDECJA IN NOWY SĄCZ
Galeria Sandecja in Nowy Sącz, owned by Focus Fund, will welcome a new international tenant – MR.DIY. A lease agreement for a 745 sq m retail unit was signed recently, with the store scheduled to open in the second quarter of 2026.
February 23, 2026
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