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
The major seaports at Gdansk, Gdynia and Szczecin, as part of the modernisation of their infrastructure, will spend PLZ 3.3 billion on construction work over the next five years.
more »
In February 2000, when a RealNetworks executive showed up before a House subcommittee, the company stressed that Congress must not tinker with the high-revving Internet economy.
more »
Taiwan is expected to take the lead in the development of high density DVD technology, which will result in Taiwan's industry becoming more self sufficient and less dependent on imports of related components
more »
“Hexagon AB” comes to Lithuania
more »
A federal magistrate has issued a bench warrant for the arrest of Seth Warshavsky, a brash young entrepreneur who has been dubbed the Web's prince of porn.
more »
Motorola places big mobile phone orders in Taiwan
more »
Vilnius Municipality Offers Free Sites for Strategic Investors
more »
Debt-ridden tech companies find new ways to earn money
more »
PAIR OF PORNO FRAUDSTERS FOUND IN CONTEMPT
more »
Kashagan, seen as one the world's largest undeveloped oilfields, is set to boost Kazakhstan into the superleague of producers.
more »