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
British oil major BP is pledging millions of dollars to Georgia as part of the construction of the Baku-Tbilisi-Ceyhan (BTC) pipeline
more »
Poles signed waiting lists Sunday for a chance to buy shares in their largest bank, using a signup system from communist times to impose order on the crush of interested investors
more »
"GLOBAL FINANCE": KOMERCIJALNA BANKA, BEST BANK IN MACEDONIA FOR 2004
more »
The Polish government did not bow to pressure following Parliament's resolution on Friday's declaring that foreign investors would be excluded from the privatization of bank PKO BP
more »
Russia may stop providing air navigation lines to the national airlines of CIS member countries, including Armenia, for their debts
more »
A four-lane highway linking Romania westward to Hungary and the rest of Central Europe and eastward to the Black Sea will be built with the assistance of a $180 million loan guarantee from the Export-Import Bank
more »
The Lithuanian government has written to the Dutch Presidency expressing outrage at a recent decision to standardise the word 'euro' across all EU languages
more »
Kazakhstan plans to produce about 1.3m barrels (160,000 tons) of oil a day in 2005
more »
The Russian oil company YUKOS has paid RUR 75bn (about $2.53bn) out of its RUR 99.4bn (about $3.4bn) tax debt for 2000
more »
Representatives of Japanese embassy in Uzbekistan will sign new grant contracts in Tashkent on 8 October
more »