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
A record 10.9 percent of the Czech work force was unemployed last month, with 570,000 people unable to find a job, the government said
more »
Biggest US Companies Prefer Eastern Europe for Investment
more »
Fifteen European central banks said Monday they would sell an annual maximum of 500 tons of gold from their reserves over the next five years, an increase of 25 percent
more »
Japanese Business Confidence Up as Economy Expands
more »
Great Britain is the second largest source of FDI in the world
more »
Turkmen President Saparmurat Niyazov announced on 4 March that his country plans to invest more than $1 billion in the reconstruction of the Seidi oil refinery in eastern Turkmenistan
more »
Officials of the Finance and Economy Ministry reported on 3 March that Armenia's foreign debt rose by nearly 7 percent to reach $1.1 billion at the end of 2003
more »
Russian negotiators are ready to accept an increase of 25% in the number of foreign banks operating in Russia during the next round of World Trade Organization talks
more »
Company envisions Bohemia, Hungary, Poland in 'super region'
more »
The Korean car maker Hyundai decided to locate its first production plant in Europe in Żilina (Slovakia) rather than in Kobierzyce near Wrocław
more »