PPF bought land from three Wenceslas in the US. An office complex on them – nach Welt

“We successfully continued our entry into the US real estate market in March of this year. PPF Real Estate is thus expanding geographically as part of the further diversification of the portfolio. The US real estate market offers a number of exciting opportunities and we are looking at several ways to accelerate the growth and diversification of our portfolio and its entry into new segments of the market, including development, ”said Aaron Smith, CEO of PPF Real Estate USA.

In spring, PPF Real Estate Holding infiltrated American real estate with the purchase of the large Mansell Overlook office complex, one of the most important office complexes in the greater Atlanta area. The daily newspaper E15 reported on this acquisition for the first time. PPF said in the spring that the selling price of the first US acquisition exceeded $ 100 million. According to the market, it even exceeded the amount of 142 million dollars, or three billion crowns. The transaction was also one of the last to be negotiated during the lifetime of the recently deceased PPF founder Petr Kellner.

PPF is recently about to make another major acquisition in the US Hospodářské noviny wies darauf hin. For the SouthPark Center complex in Florida, PPF paid a total of 315 million US dollars, or over seven billion crowns. The deal, however, is on the order of hundreds of millions of dollars. “The total investment for these transactions and future business development in the US market has exceeded $ 500 million after one year of operation of PPF Real Estate in the US,” said PPF Real Estate.

The SouthPark Center is considered one of the most desirable suburban complexes in the southeastern United States. The complex of ten separate Class A office buildings offers a total rental area of ​​120,000 square meters of office and retail space. The transaction includes an additional 12.5 hectares of land for future commercial property developments. For comparison: Prague’s Wenceslas Square covers an area of ​​over four hectares.

SouthPark Center tenants include Booking.com, Accenture, Lockheed Martin, CVS Caremark, Diamond Resorts, Jet Blue, Centene and Marriott.

PPF Real Estate was founded in 2010 and owns properties in the Czech Republic, Germany, the Netherlands, Great Britain, Russia and Romania. It also has a logistics center in Ukraine. In total, it manages assets of two billion euros (over 52 billion crowns). The company first announced its planned real estate expansion into the United States last year.

The PPF Group currently operates in three countries in the USA. PPF Real Estate operates in Massachusetts through biotech company Sotio in Florida and Georgia.

Thirty years of the PPF group

VIDEO Videohub


PPF enters the US real estate market.  She bought the offices where Buffett's company is based

.

Reference-www.nach-welt.com

Leave a Reply

Your email address will not be published. Required fields are marked *