Polish Venture Silverstein & Kulczyk Silverstein teamed with Polish billionaire Jan Kulczyk on a 500 million-euro ($659 million) venture to buy and develop properties, beginning in Kulczyk’s home country. They made their first purchase, an eight-story Warsaw office building, in August 2011, and are working on plans to add towers to the Polish capital’s skyline. The “long-term dynamics” of China will create “enormous opportunities” in the country’s real estate market, Rob Speyer, president and co-chief executive officer of Tishman Speyer, the owner of New York’s Rockefeller Center, said in an interview in Shanghai yesterday. New York-based Tishman has developments in four Chinese cities: Shanghai, nearby Suzhou, the western city of Chengdu and Tianjin in the north. Silverstein has $10 billion of development in the pipeline, including building a Four Seasons hotel at Walt Disney World Resort in Orlando, Florida, according to the company. ksprop/en/property/holland-park
Posted on: Fri, 07 Jun 2013 13:30:59 +0000
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