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
Eon, Germany's largest power group, has made a clear commitment to expand significantly in Russia but will seek to minimise the risks by using its €3bn ($3.7bn) worth of shares in Gazprom
more »
Vice-Premier Radmila Sekerinska and Dutch Ambassador to Macedonia Frederique de Man signed Friday a Memorandum of Understanding on economic cooperation within the Programme for Co-operation with Central and Eastern Europe (PSO) in the period of 2004-05
more »
Philip Morris Lithuania will invest another USD 20 million into upgrading and expansion of its production facilities
more »
The Russian central bank on Wednesday moved to stem the country's growing financial crisis by cutting minimum reserve requirements
more »
The negative balance of Moldova's foreign trade amounted to $242.1m in January to May 2004
more »
Russian oil giant YUKOS says that it is unable to meet a midnight deadline to pay a $3.4 billion back-tax bill
more »
Russian Guta Bank is temporary unable to take money on deposit from individuals and make payments from such deposits, according to a notice posted on the doors of several of the bank’s offices
more »
The Budapest and Vienna bourses are interested in bidding during the process of privatizing the Warsaw Stock Exchange (WSE), said Attila Szalay-Berzeviczy, president of the management board of the Hungarian floor
more »
Lithuania is among the most attractive countries to invest into retail trade
more »
OAO Yukos Oil Co. investors with a combined $3 trillion under management, including Deka Investment GmbH and Janus Capital Group Inc., urged President Vladimir Putin to end the ``fear and uncertainty'' about Russia's investment climate
more »