Announced
Completed
Financials
Tags
Minority
Private
Single Bidder
Completed
Commercial REITs
Friendly
Acquisition
real estate developer
Romania
real estate administration
Cross Border
Synopsis
CPI Property, a real estate developer, completed the acquisition of a 7.2% stake in Globalworth Real Estate Investments, a real estate company, for $252m. “We are pleased to have acquired Zakiono from Mr. Papalekas, which enabled CPIPG to build a more meaningful stake in Globalworth. As a major shareholder CPIPG intends to collaboratively support Globalworth’s future growth and operations," Martin Nemecek, CPI Group CEO.
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