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Announced

Completed

Cyfrowy Polsat and HB Reavis completed the acquisition of Port Praski City II and Port Praski Medical Center for $25m.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate developer

Real Estate Holding and Development

Acquisition

Friendly

Poland

Cross Border

Private

Majority

Completed

Synopsis

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Cyfrowy Polsat, a media and telecommunications group, and HB Reavis, an international workspace provider through real estate solutions, completed the acquisition of Port Praski City II and Port Praski Medical Center, for $25m. The company notes that the commencement of the project, in addition to the conditions precedent being satisfied, will require, as a next step, relevant building permits. Therefore, the exact milestones and costs of the project implementation will be specified by the Shareholders in the business plan at a later date.

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