Real Estate Expands Presence in Czech Multifamily Market
July 20th, 2007 by Ines
Prague, CZECH REPUBLIC — GE Real Estate Central & Eastern Europe, along with Crestyl and Cheyne Capital, have acquired a ICKM Real Estate portfolio of residential developments in the Czech Republic in a € 100-million transaction.
As part of the transaction, Crestyl, a Czech development firm, will wholly acquire ICKM, a development management company. Since its creation in 1996, ICKM has built approximately 1,000 residential units in Prague.
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