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
Two major German carmakers, BMW and Audi, released their half-year results this week
more »
Comparisons Made Between Mexico, China and Eastern Europe for Electronics Manufacturing by TFI
more »
Lithuania has the Fastest Growing Economy in Europe, According to The Economist
more »
Slovakia, the fourth-largest country set to join the European Union in May, aims to adopt the euro by 2009 to boost the economy and cut companies' costs
more »
Toshiba Corp. said Monday it has won a $12 million contract to supply the Swedish postal service with advanced mail-sorting equipment
more »
Kazakh President Nursultan Nazarbayev considers that the renewal of Iraqi oil supplies to the world market will not influence hydrocarbon exports from Kazakhstan
more »
The Estonian Finance Ministry predicts that the planned lowering of the personal income tax rate and increase in tax-exempt income will cause
more »
Estonia wishes to join the European Monetary Union (EMU) and adopt the euro currency as soon as possible
more »
Parliamentarian and chairman of the Christian Democrats, Bjarne Kallis, wants to institute a traveller's tax on all ships that ply the route back and forth to Estonia
more »
IMF REPRESENTATIVE TO MOLDOVA SAYS CHISINAU LOST 2003 CHANCE
more »