Announced
Completed
Financials
Tags
Acquisition
Cross Border
Majority
Single Bidder
Friendly
Commercial REITs
real estate developer
real estate administration
Romania
Public
Completed
Synopsis
CPI Property Group, an owner of commercial real estate, and Aroundtown, a publicly listed real estate company, completed the acquisition of the remaining shares in Globalworth Real Estate Investments, a real estate company with a primary focus on Poland and Romania, for $922m. "CPI and Aroundtown are both highly experienced, strong and stable owners of European real estate. Working together as partners will allow us to maximize long-term value while maintaining Globalworth's strong investment grade capital structure and excellent teams in Romania and Poland," David Greenbaum, CPI CFI.
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