PBW STICKS TO HIGH-END ASSETS WITH MOM PURCHASE

A closed end fund concentrating on Central European properties has purchased MOM-Park, putting it one step closer to a goal of collecting 500 million Euro of assets. PBW Real Estate Fund NV announced the acquisition of the MOM�Park in Budapest in the middle of last month. The vendor and developer, a joint partnership between Bayerische Hausbau International GmbH and more...

Acquisition

PBW Real Estate Fund NV has acquired MOM Park in Budapest, Hungary. Completed in 2001, the complex comprises a 30,000-square-meter (322,800-square-foot) shopping center, 17,250 square meters of office space and over 1,200 parking spaces. Offices tenants include Nike, Fiat, Kimberly Clark, Pfizer, Young and Rubicam and Lufthansa Systems. PBW is a closed-end fund dedicated to acquiring modern more...