14:06 8 November 2019
Cromwell completes retail fund acquisition
Real estate investor and manager Cromwell Property Group has finalized the acquisition of all third-party investor interests in the Cromwell Polish Retail Fund (CPRF). “This move represents another important step in implementing our ‘Invest to Manage’ strategy, whereby Cromwell invests capital to acquire or improve assets, and then creates new long-term funds with its network of capital partners,” commented Mark McLaughlin, managing director Europe at Cromwell Property Group. The fund in question contains seven shopping centers with a gross asset value of approximately €600 million. They include the Janki mall near Warsaw, which Cromwell has just expanded by an additional 21,000 sqm.
(Warsaw Business Journal)
