Overview - Focus Fund

Focus Estate Management

Focus Estate Management is a value-add commercial real estate investor with a clear focus on retail properties across Europe. We identify underperforming assets with strong potential and unlock value through active management and strategic enhancements.

Established in 2016, the Focus operates as a Luxembourg-based investment vehicle, offering Investors a compelling opportunity to achieve double-digit returns while benefiting from high liquidity and controlled risk exposure.

Shopping Centers

Countries

188 M €

Assets under Management

60+

Strong and Stable Team

10+

Years of Experience

220,000 m²

Gross Leasable Area

Our success is driven by:

Corporate: A Luxembourg-based investment fund (since 2023)
History: Operating since 2016 (first assets acquired)
Strategy: Value-add / Distressed strategy
Profit Distribution: Quarterly distribution of profits
Returns: Targeted double-digit returns
Leverage: Conservative leverage up to 50% LTV, all loans hedged
Liquidity: Loan top-ups used for equity redemption
Skin in the Game: GP share in the Fund is roughly 15%
Expertise: In-house capabilities across asset management, marketing, leasing, CAPEX and finance; supported by 15+ years of partners’ collaborative synergy in real estate

Creatrust – our Fund Administrator

Creatrust is one of the leading independent providers of corporate, fund and family office services to international clients who want to be established in Luxembourg.

Creatrust offers a one-stop-shop solution that turns an initial investment idea into a successful fund.

Approach

FOCUSED. STRATEGIC. VALUE—DRIVEN.

Strategic investments in mid-scale retail properties with a disciplined focus on value creation. Our hands-on approach, deep market expertise, and strong local partnerships ensure sustainable growth and optimal returns for our investors.

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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.

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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

Vladyslav Remen

Head of Asset Management

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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Latest News

Stay updated with the latest news, insights, and developments from Focus Estate Management.

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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

FOCUS ESTATE FUND SECURES NEW SENIOR FINANCING WITH PEKAO FOR TRILOGY PORTFOLIO

FOCUS Estate Fund, a leading European real estate asset management company, is pleased to announce the successful closing of a new senior financing facility of EUR 10.5 million with Bank Pekao S.A.

February 20, 2026

Focus Estate Fund Successfully Turns Around the Turawa Park Shopping Centre in Opole

Focus Estate Fund continues to successfully turn around Turawa Park in Opole — a multi-format shopping centre comprising a gallery, an existing retail park and a former DIY box, which has been redeveloped into a modern retail park

January 12, 2026

FOCUS ESTATE FUND FULLY REPAYS ATRIUM LOAN AND SECURES NEW SENIOR FINANCING FOR FERIO LEGNICA

FOCUS Estate Fund, one of a leading European real estate asset management companies, has fully repaid its vendor loan from G City Europe Group (ex-Atrium Group), demonstrating strong financial discipline and operational efficiency

January 8, 2026

Focus Estate Fund and ChargeEuropa to Install EV Charging Stations Across Portfolio of Polish Shopping Centers

Focus Estate Fund today announcing a comprehensive plan to introduce modern electric vehicle (EV) charging infrastructure across its retail portfolio, further strengthening its ESG strategy and commitment to sustainability.

October 13, 2025

Focus Estate Fund Expands European Retail Portfolio with Acquisition of BariMax Shopping Village in Bari, Italy

Focus Estate Fund, an investment fund specializing in value-add non-prime convenience retail assets across UK, Western and Central Europe, is pleased to announce the acquisition of BariMax Shopping Village, a retail park located in the northern part of Bari city, Italy.

September 17, 2025

Focus Estate Fund fills two anchor voids at Island Green, Wrexham

Focus Estate Fund has secured lettings on two of the largest vacant units at Island Green Shopping Centre in Wrexham — the former Wilko and Asda Living stores — marking a major step forward in repositioning the scheme.

July 22, 2025