Established in 1997, Portland Trust is a commercial real estate developer and asset manager with offices in Prague and Bucharest.
The company has focused on the construction of new commercial property mainly in the office, retail and light industrial sectors, always in strong locations or where new infrastructure is being developed. More recently Portland has broadened its area of focus on the refurbishment of existing but older office buildings.
Portland Trust has had a long term joint venture with ARES Management Corporation (formerly AREA Property Partners) who is a US-based fund manager with assets under management of approximately $165 billion and 800 employees throughout US, Europe and Asia. This partnership has allowed Portland Trust to undertake large urban development projects in various countries throughout CEE. The company has undertaken a wide range of projects including supermarkets, an 85,000m2 regional shopping centre, numerous office buildings and office parks and light industrial and logistic parks. The total amount of developed space is approx. 800,000 m2. The combination of Portland Trust’s hands-on style, highly experienced in-house construction management and the financial strength of ARES has enabled Portland Trust to flourish both pre and post-financial crisis as it continues to develop institutional quality, award-winning and eco-friendly buildings.
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