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Announced

Completed

CPI Property completed the acquisition of a 7.2% stake in Globalworth for $252m.

Financials

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Transaction Value£195m
Consideration TypeCash
Capital Owned10%
Capital Bid For7%
EV/Sales14.3x
EV/EBITDA15.32x
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

Single Bidder

Completed

Commercial REITs

Friendly

Acquisition

real estate developer

Romania

real estate administration

Cross Border

Synopsis

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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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