U.S. real estate fund Apollo is completing the largest property investment deal ever made in Poland
Published:
13 March 2004 y., Saturday
U.S. real estate fund Apollo is completing the largest property investment deal ever made in Poland with the acquisition of 28 shopping centers and free-standing stores for over EUR 700 million.
"Poland will have one of the fastest economic growth rates in the European Union over the next five years. Consumer demand growth will be above the EU average. Basic consumer goods and food are the right places to pitch our investment," Apollo's managing director William Benjamin told journalists at the MIPIM international property fair in Cannes. The properties purchased for the Apollo International Real Estate Fund in a joint venture with Rida Development Corporation of Houston, are being leased by Polish retailers owned by Germany's Metro group.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Hungary is to register a general government deficit of Ft 210 billion in January, the Finance Ministry projected yesterday
more »
The central bank governor is warning that the euro is not the cure for all Poland's ills
more »
Heads of the Azerbaijani and Georgian customs bodies are scheduled to meet at the Boyuk Kasik station on the border shortly
more »
The debit cards issued by Bulgaria's largest card operator BORIKA has increased by more than 1.06 million in 2003 y/y reaching the impressive number of 3.5 million
more »
Cooperation with international financial organisations
more »
The Russia Finance Ministry plans to issue securities worth RUR234bn (about USD8.35bn) in 2005
more »
The United States may invest massively in Ukraine if its new government achieves economic stability, Interfax-Ukraine news agency said Wednesday.
more »
Belarus posted the most industrial growth among Commonwealth of Independent States countries in January- November 2004, with output increasing 15.8% year-on-year
more »
Economists have called on Poland to repay some or all of its approximately zł.52.81 billion debt to the Club, saying now is an ideal time for a buyback of the debt
more »
Europe stormed ahead of the US last year in its dash to offshore more business activities, a report revealed yesterday
more »