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

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.