MOSCOW, April 13 ??“ Heinman International investment company is to create a $150 million fund, called Heitman Russia and Ukraine Property Partners, to invest in real estate in Russia and Ukraine, the European Bank for Reconstruction and Development reported.

The bank plans to allocate up to $45 million for the fund.

Heitman company will invest $5 million in the fund, and the remaining $145 million will be provided by institutional investors from Europe, North America, along with the EBRD. The bank's board of directors plans to discuss this project on May 14.