Poland's Fashion House Development has purchased a 12.4-hectare plot of land in Saint Petersburg for the development of a second retail outlet centre in Russia. The purchase comes shortly after the company unveiled plans in late 2009 to invest $100 mln (EUR 76 mln) in the development of the country's first outlet centre near Moscow.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
