Generali Real Estate completed the acquisition of two office real estates in Prague from CPI Property.

Generali Real Estate, a real estate asset manager, completed the acquisition of two office real estates in Prague from CPI Property, a real estate landlord of income-generating commercial properties focused on the Czech Republic. Financial terms were not disclosed. “We are extremely satisfied about the closing of this transaction, which represents one of the biggest office deals in Prague in 2021. Now, finally, the Generali Group owns its home in Prague. We plan to fully refurbish the asset in line with top-notch ESG requirements to transform it into an even more sustainable building, designed around transparency, ethics, integrity, diversity and inclusion," Ramon Spoladore, Generali Real Estate Head of CEE & Nordics Region.