CPI Property to acquire S IMMO for €2.4bn.

CPI Property, a real estate company, agreed to acquire S IMMO, a real estate investment company, for €2.4bn. “CPIPG is committed to Central and Eastern European real estate and to our conservative financial policy. The strategy announced today is another logical step forward in the Group’s evolution from a regional leader into a European real estate champion," Martin Nemecek, CPIPG CEO.