Lion's Head is in mood for acquisitions

Lion's Head is in mood for acquisitions

Published at: 2019-06-28 09:58 | Author: CIJ Romania
After entering the Romanian market last year with one of the largest transactions, (Oregon Park I+II), Lion's Head Investments is looking to take further steps. Sergey Koynov, CEO of Lion's Head announced at CEDER that the group is now in acquisition mode. "I cannot disclose a specific amount, but we have an appetite for growth on this market," he said.
However, he explained that the group will take a considerate approach and will never be the highest bidder. "The market is shaped by perceptions and expectations. At the moment, the expectation that yields are going to be lower is still not confirmed, so we will wait. We want to see what is going to happen with several portfolios that are now on the market. We take a considerate approach and will never be the highest bidder. We need to have reason and argumentation before any acquisition," Kyonov told the CEDER audience.
Lion's Head Investments is a joint venture between Old Mutual Property (a South African property owner) and AG Capital (a Bulgarian investment group).
Besides Lion's Head Investment, if we add the MAS Real Estate transactions on the market last year, SouthAfrican investments represented 18% of the total volume, by buyers' nationality.

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