Rockcastle raises funds for acquisitions in Poland

South African Rockcastle has raised $90 million via bonds issue on September 1, the media reported. The funds will be earmarked for acquisitions of Polish shopping centers. Rockcastle will purchase Fabryka Wołomin, CH Pogoria and CH Karolinka, according to recent reports. In late August,Rockcastle signed a deal to purchase CH Pogoria and CH Karolinka, for €220 million (some PLN 918.5 million). The transaction is to be completed by the end of the year. The value of the deal regarding Fabryka Wołomin has not been disclosed. The fund has been actively operating in Africa, North America, Asia and Western Europe. Its portfolio amounts to $1.9 billion.