Australian investor pulls out of takeover of Polish developer

Australian investor RF Corval has pulled out of a planned joint buyout of Polish industrial and office park developer Buma, according to a statement by Reino Capital, a Poland-based fund manager.

The proposed €287 million ($313 million) takeover by RF Corval and Reino Capital was originally announced in November 2019.

Reino Capital states it still has plans to expand into this sector of the Polish market. The current market situation may be allow the firm to expand the opportunities leading to the implementation of strategic goals, also in cooperation with other partners, as in the case of a parallel investment platform project on the warehouse market.