Fishman is not the first Israeli company interested in the regional property market, European Finance Center announced a few days ago that it had raised 1 billion dollars to secure financing of real estate projects in Central and Eastern Europe. Fishman Holdings, an Israeli investment company, has set up a new subsidiary which will operate on the real estate market in Eastern Europe, Globes reported. The newly-established entity intends to focus on Ukraine, Moldova, and the Baltic states. Fishman Holdings will have a 20 per cent stake in the new company, and the remaining share will be distributed between its subsidiaries Jerusalem Economic Corp., Industrial Buildings Corp., and Darban Investments Ltd.