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
Portal player Yahoo! has widened the scope of an earlier deal with the United Kingdom's largest Internet service provider
more »
World Bank and GEF Support Efficiency of District Heating in Lithuania
more »
Microsoft has purchased licences for software developed by the Lithuanian IT company Alna and will integrate this software into internal information systems in its head office
more »
Decision may sway Swedish voters to reject single currency
more »
The Commission has adopted its proposal for the 2004 budget (preliminary draft budget)
more »
Lithuania’s Economy Retains the Fastest Growth in the Baltic States
more »
Britain’s Government has decided the time is not yet right to join the euro, while leaving the door open to membership in the near future
more »
After years of sharp rises, the cost of withdrawing that wad of cash for the weekend from an automated teller machine took a pause in 2002
more »
Weakness in the dollar yesterday helped propel the euro to its highest level against the greenback in almost three years
more »
The European Bank for Reconstruction and Development bought 15 percent of Kazakhstan's largest bank, Kazkommertsbank (KKGB.KZ) on Friday, and the bank said it was looking to list on the New York Stock Exchange
more »