about us | newsletter | contact | archive | members area

»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Dentons advises CPI Property Group on CEE retail portfolio acquisition

Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors, including six major regional shopping centres, in Romania, the Czech Republic, Hungary and Poland, a press release shows.

2017-01-19 09:51:46

The completion of the transaction is expected in the first quarter of 2017, pending regulatory approvals in the Czech Republic and Hungary. The portfolio, with a total leasable area of approximately 265 thousand sqm, consists of the Felicia shopping centre in Romania; Olympia Plzen shopping centre and Retail Park, Nisa shopping centre and Zlaty Andel in the Czech Republic; the Andrassy Complex, Polus shopping centre, Campona shopping centre and two Interspar retail warehouses in Hungary; and the Ogrody shopping centre in Poland.

Evan Lazar, co-chairman of the Dentons Global Real Estate Group coordinated the project. The Romanian team was led by partners Perry Zizzi and Bogdan Papandopol.

CPI Property Group is a real estate company concentrating on long-term investments, real estate lease and asset management in CEE and Germany. CBRE Global Investors is one of the world′s largest real estate investment management firms.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5243 Views
Daily Info
General Electric to provide turbine technology for the new combined-cycle power plant in Iernut

General Electric (GE) has been awarded an order from the consortium Duro Felguera (DF Energy) - Romelectro for core technology in a new combined-cycle power plant from Romgaz ...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of the...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minister,...

Hidroelectrica posts 165 million Euro profit in five months

Hidroelectrica registered a gross profit of 743.7 million RON (around 165 million Euro) in the first five months of 2017, representing an increase of 26 per cent compared to t...

TotalSoft appoints Dania Selaru as EAS Executive Director

TotalSoft, one of the leading software providers in Romania, announces the appointment of Dania Selaru as Executive Director, to further develop and execute the company's Ente...

 
 
   
advertising

advertising

advertising

advertising

More on News
Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of ...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Damages to electricity networks caused by severe weather conditions do not increase the distribution tariffs, says ACUE

Lately, Romania has been confronted with extreme, unpredictable meteorological phenomena that have caused major damages in large areas to electricity distribution networks....