Announced
Financials
Tags
shopping malls
Friendly
Private
Single Bidder
Acquisition
Majority
Greece
Diversified Retailers
Domestic
Real Estate
Pending
Private Equity
Synopsis
Lamda Development, a holding company specializing in real estate development, investment, and management, agreed to acquire a 31.7% stake in Golden Hall from Värde Partners, a private equity firm, for €109m. “Over the last five years we have worked closely with Lamda Development to successfully unlock value and help the assets realize their potential. Despite the significant challenges shopping centers faced during the Covid pandemic the centers have continued to perform well, reflecting their enduring strength as prime shopping destinations," Tony Iannazzo, Värde Partners Senior Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.