Star Capital Finance to acquire six retail centers in Poland from Cromwell Property Group for €285m.

Star Capital Finance, a real estate investor, agreed to acquire six retail centers in Poland from Cromwell Property Group, a property management company, for €285m ($309m). “The completion of this sale, and subsequent debt repayment, significantly simplifies our business, bringing us closer to our goal of being a capital-light fund manager. The simplification of the Group’s business model will allow us to focus on our core fund and asset management skills to drive long-term securityholder value from growth initiatives locally when market timing is conducive,” Jonathan Callaghan, Cromwell Property Group CEO.