TH Real Estate, on behalf of TIAA-CREF, has completed the purchase of a 50% interest in Factory Annopol in Warsaw, and Factory Krakow and Futura Park in Krakow, Poland. The assets have been acquired from NEINVER, and form part of a strategic joint venture – between NEINVER and TIAA-CREF – to create a leading outlet platform in Europe, as announced earlier this year. TH Real Estate acts as investment advisor to the vehicle, while NEINVER provides specialised asset management and operational services to the assets.
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