An undisclosed buyer cancelled the acquisition of block of eight apartments from Arcona Property Fund N.V..

Arcona Property Fund NV, formerly Capital Emerging Europe Property Fund NV (PCEEPF), is a closed-end investment fund based in the Netherlands. The Company invests in commercial properties on emerging real estate markets in northern and central Europe, and focuses on adding value to real estate investment opportunities and development. Its service portfolio comprises fund management, including the coordination of fund conception, fund raising (both debt and equity), initial investment programs, asset management processes, fund administration and disinvestment, investment management, including strategic asset allocation advice, asset sourcing and selection, acquisition underwriting and negotiation support, among others, asset management, and development management, such as design, permitting and tendering, construction and contractor supervision, sales and marketing, among others. The Company operates through offices in Munich, Deventer, Prague and Warsaw.