document of the european bank for reconstruction and development property operations policy board approval date 11 december 2001 2 table contents page 1 abbreviations 3 executive summary error bookmark not defined in countries 6 sector definition recent market developments ebrd involvement to 8 4 project evaluation lessons learned 9 ifc 10 5 profitability state transition challenges overview 14 office retail 16 warehousing 18 residential 19 mixed use including leisure 21 hotels 22 city centre regional 23 resort s objectives 25 investment priorities operational approach 26 technical co operation 28 financing sources 29 projected level composition
