Orco acquires Poland's Ozarow business centre |
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Published
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Fri, 20 Apr 2007 12:33
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PARIS (Thomson Financial) - Orco Property Group said its Orco Endurance Fund has acquired the banpruptcy estate vehicle owning the Ozarow Business Centre in Poland for an undisclosed amount.The sale was carried out by the Polish Jones Lang LaSalle Capital Markets team acting on behalf of the trustee and creditors' council, comprising Raiffeisen Bank and Lehman Brothers, Orco said.OBC is a warehouse and distribution centre of around 35,300 square metres. It is 16 km west of Warsaw city centre and is 900 m off the E30 Poznan to Berlin express route.The property is 500 m from the Warsaw Berlin railway.Andrew.Newby@Thomson.comanCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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