Ready to light the fuse on EUR 200m dry powder
After receiving ~SEK 1.7bn in Q3’23 from its divestment of Russian fashion retailer MFG, Eastnine currently has ~EUR 200m to spend on property acquisitions. This is a material amount, especially compared with Eastnine's current property value of ~EUR 600m. The company has made it clear that it will be deploying capital in Poland, and last week, ABGSC, among others, was invited for a two-day tour of investment opportunities in Warsaw and Poznan.
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