Announced
Financials
Tags
Public
Pending
Friendly
Private Equity
Single Bidder
Acquisition
Majority
Cross Border
Real Estate Holding and Development
real estate developer
Poland
Synopsis
Optima Investment, a Hungarian long-term real estate investor, agreed to acquire a 61.49% in Globe Trade Center, a real estate investor and developer in the Central and Eastern European region, from Lone Star Funds, an American private equity firm, for $1.5bn. Financial terms were not disclosed. At the close of the transaction (which requires regulatory approvals), Optima will acquire assets that, due to their key location and development potential, are expected to provide a safe long-term strategic investment opportunity.
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