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
With fast expanding IT market and 3-fold growth of the sales of Microsoft products in the last four years in the Baltic States Microsoft has decided to open an office in Lithuania
more »
The euro hit a four-year high on Monday after U.S. Treasury Secretary John Snow said after the G7 meeting in France that recent currency realignments were "fairly modest"
more »
Swedish krona expected to be pegged to euro at about SEK8.75
more »
Analysts expect trend to continue; good news for consumers, travelers
more »
DONGOR bank in Ukraina confirmed the purchase of 1st Wincor Nixdorf ATM
more »
In 2003 Lithuanian Companies Had 5 Times Bigger Profits Than in 2002
more »
Open warfare erupted between Gordon Brown and Tony Blair last night over axing the Pound
more »
Global Finance selected Vilniaus Bankas as the Best Bank in Lithuania
more »
TeliaSonera sells its mobile operations in Finland to DNA
more »
Visa USA Inc. and Visa International Service Association have been sued by two technology companies who claim that the credit card companies stole their patented technology
more »