Optima Investment to acquire a 61.49% stake in Globe Trade Center from Lone Star Funds for 1.5bn.

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.