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
The Russian Federal Property Fund has not yet decided on the size of a stake in Yuganskneftegaz that will be put up for sale
more »
Uzbekistan achieved 8.9% GDP growth in January-September 2004 compared to 4% (6.46 trillion soums) in the same period of 2003, according to the session of the Cabinet of Ministers
more »
On Friday, Russia postponed by three months, a decision on whether to revoke the Siberian licences of embattled oil major Yukos
more »
Politicians believe Poland will meet the strict fiscal criteria necessary to enter the Euro zone within three years
more »
German companies pay three times more taxes than in Lithuania, where the tax burden is the lowest among the new EU members
more »
The Ministry of Natural Resources Of Russian Federation head Yuriy Trutnev announced the time of the auction where the Eurasian largest gold deposit, called Sukhoi Log will take place
more »
Hungary demands Romania stop Canadian-led gold mine development
more »
Poland's Deputy Economic Minister is praising Bethesda-based Lockheed Martin's $6 billion worth of investment pledges to his country
more »
The Czech government approved an agreement with U.S. aerospace giant Boeing under which it would acquire the company's stake in the state-controlled subsonic jetmaker Aero Vodochody for a symbolic price of 2 koruna, Vice Prime Min
more »
European Central Bank president Jean-Claude Trichet said in an interview published Monday that the eurozone economic recovery remained gradual and that the bank's analysis of the situation was balanced
more »