Announced
Financials
Tags
Friendly
Domestic
Greece
Single Bidder
Pending
Minority
Private Equity
Private
mall owning
Acquisition
Commercial REITs
Synopsis
Lamda Development, a holding company specializing in the development, investment and management of real estate in Greece, agreed to acquire a 31.7% stake in Lamda Malls, a Greek mall owner, from Varde Partners, a private equity firm, for $116m. "Over the last five years we have worked closely with Lamda Development to successfully unlock value and help the assets realize their potential," Tony Iannazzo, Varde Partners Senior Managing Director.
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