Wola gets a new owner
The Canadian real-estate firm purchased a 65.52 percent stake in the Central European Retail Property Fund (CERPF), which owns the Wola Park complex. This brings the firm's holding to 91.52 percent in CERPF, easily making it the controlling shareholder.
The company was originally involved in Wola Park's development in 1999. Wola Park will continue to be operated by its local team, under the supervision of Claude Dion, vice president, Europe, for IC.
"This marks another step in Ivanhoe Cambridge's strategy to geographically diversify and expand its portfolio and network in Poland and Central Europe," said Dion. IC controls assets worth EUR 4.4 billion worldwide and has more than 3.5 million sqm of retail space.
The company was originally involved in Wola Park's development in 1999. Wola Park will continue to be operated by its local team, under the supervision of Claude Dion, vice president, Europe, for IC.
"This marks another step in Ivanhoe Cambridge's strategy to geographically diversify and expand its portfolio and network in Poland and Central Europe," said Dion. IC controls assets worth EUR 4.4 billion worldwide and has more than 3.5 million sqm of retail space.
