M&A Activity • Aug 1, 2011
M&A Activity
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Prague, 1st August 2011
Orco Property Group, the Central European real estate developer and asset manager, has signed on 29 July 2011 an agreement for the sale of a plot of 3,7ha on its downtown Bubny land in Prague to a joint venture between Orco and Unibail Rodamco, where Unibail Rodamco will be at minimum 60% ownership. Closing of the transaction is expected by early 2012 while the opening of the premium large shopping centre would take place in 2017.
For more information, contact Petra Zdenkova, Tel: (+420) 226 502 226,
[email protected], www.orcogroup.com
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