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
Swedish telecoms equipment maker Ericsson is likely to report a second quarter loss in line with expectations
more »
Ebookers.com, a multinational European Internet travel portal, is looking to save money by shifting much of its business out of Europe and into the Indian subcontinent.
more »
IBM Corp. announced job cuts Monday that could affect up to 1,000 people in its fast-growing consulting division.
more »
Metricom Inc., provider of the high-speed Ricochet wireless Internet service, Monday filed for reorganization under Chapter 11 bankruptcy protection, mere days after it laid off 23 percent of its staff.
more »
Farm party calls on Latvenergo to help flood victims
more »
The Internet security wing of telecommunication equipment maker Nokia Corp. announced Thursday it has signed a two-year license and reseller agreement with U.S.-based switch maker F5 Networks Inc.
more »
Many of the largest IT vendors declined to comment Thursday on a federal appeals court ruling in Microsoft's antitrust case
more »
President Bush will not take any action on today’s appeals court reversal of the court-ordered breakup of software giant Microsoft until the Justice Department analyzes the decision.
more »
Norwegians Take over Estonian Shipping Company
more »
The growing rivalry between AOL Time Warner and Microsoft is spawning a web of deals and alliances, which could mean good news for consumers
more »