UPDATED: Revetas raises €120m for second fund

CORRECTION: Central and Eastern Europe real estate investment firm Revetas Capital Advisors has raised €120 million ($132 million) for its second fund. It was not a final close as reported earlier this week. The fund is still open to investors.

Central and Eastern Europe real estate investment firm Revetas Capital Advisors has raised €120 million ($132 million) for its second fund.

Revetas Capital Fund II is a follow-up to Revetas Capital Recovery Fund I, which focused on overleveraged, distressed and underperforming property opportunities in central Europe. It is targeting the core central European countries of the Czech Republic, Hungary, Poland and Slovakia.

Fund II has teamed up with York Global Fund to acquire a real estate portfolio of assets located across the Czech Republic, Poland and Slovenia. And the opportunistic fund also made an investment in the Sofia Airport Center, an office and logistics com