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Metro portfolio purchase by Apollo Rida in 2004

Metro portfolio purchase by Apollo Rida in 2004

In April 2004 Apollo-Rida completed the acquisition of a portfolio of 28 retails centers from the affiliates of Germany’s Metro AG.
The portfolio provides more than 650,000 sqm of retail space including 9 regional M1 malls, 4 power centers, and 15 stand alone hypermarkets located throughout Poland. The centers are anchored by Real hypermarkets, Media Markt consumer electronics stores, as well as Praktier DIY stores. In addition to the existing space, the properties offer significant expansion and further development potential which Apollo-Rida continuously pursues. Valued at over €700 million, the acquisition continues to be recognized as the largest and most complex real estate transaction in Poland as well as the Central and Eastern Europe.

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