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
Lithuania Among World’s Top Ten Reformers in Improving Investment Climate
more »
The global economic recovery is on track, despite high oil prices according to the heads of central banks from the top industrial nations and developing countries
more »
The Domestic Diplomatic Properties Agency defended Friday the legal sale of a local heating utility after its halted operations left people in a Sofia suburban area without hot water
more »
Romania: Structural Adjustment And Institution Building Efforts Receive World Bank Recognition
more »
Lender confidence and bank competition boost number of loans
more »
Sweden Thrives on Exports One Year After Voters Reject the Euro
more »
Russian energy giant Gazprom said Tuesday it would acquire state-owned oil company Rosneft in a stock swap expected to ultimately ease restrictions on foreign investment in the world's biggest natural gas producer
more »
British discount airliner easyJet will enter the Baltic market this autumn, commencing flights between Rīga and Schönefeld Airport in Berlin
more »
Last week's explosion in the country was part of power plant project
more »
Hungary is on track to overshoot the public deficit target for 2004, the central bank president said
more »