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
Plans to expand to other Baltic states
more »
A federal appeals court gave both parties partial victory Thursday in the antitrust case Sun Microsystems Inc. filed against Microsoft Corp.
more »
Lithuania – “a Rising Star” and “a Baltic Tiger”
more »
Azerbaijan Becomes 58th Member Country of Asian Development Bank
more »
Austrian companies continue to perceive Poland as a land of investment opportunities
more »
The heads of the Naftogaz Ukrainy and Itera companies have placed orders for Turkmen gas exports for 2004
more »
US firm Chevron Texaco to load oil from al-Bakr port
more »
Malaysian Prime Minister Mahathir Mohamad yesterday proposed a currency basket of the euro and the US dollar for oil trades
more »
Gazprom submitted a final bid for 34 percent of Lithuanian utility Lietuvos Dujos on Friday
more »
Lithuania occupies 15th place among the most attractive world countries for investment
more »