Business Services Industry
TK Development A/S and GE Capital Real Estate sign investment agreement in the Czech Republic
Nordic Business Report, Nov 18, 2002
NORDIC BUSINESS REPORT-18 November 2002-TK Development A/S and GE Capital Real Estate sign investment agreement in the Czech Republic (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish property developer TK Development A/S said today (18 November) that it had concluded an agreement under which GE Capital Real Estate would acquire 80% of the share capital of a holding company representing four shopping centres in the Czech Republic.
The agreement also covered cooperation in the further development of the shopping centres until they were ready for selling to a new investor, TK Development said.
The agreement related to the Futurum shopping centres in Kralove, Ostrava and Brno, and Hana Shopping Center in Olomouc.
No financial details were disclosed.
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