TriGranit seals deal to sell Bonarka City Center in Poland
Image by Pixabay
Hungarian real estate developer, TriGranit, reached a preliminary agreement to sell the Bonarka City Center in Kraków, Poland, to Rockcastle, the company announced yesterday, according to Hungarian news agency MTI.
The deal is forecast to be closed in the upcoming months. The company did not disclose the price of the transaction.
TriGranit built the 92,500 sqm Bonarka City Center, which has been operating as a shopping centre since 2009, on 19 hectares of abandoned but recultivated land in the cityʼs Podgorze district.
Rockcastle, which is listed on the Johannesburg and Mauritius exchanges, invests in retail assets in Central & Eastern Europe, MTI noted.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.